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i3 Energy announces its final results for the year ended 31 December 2020
01 Jun 2021
i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, has announced its audited results for the year ended 31 December 2020.
Highlights and Outlook
Obtained a corporate foothold in Western Canadian Sedimentary Basin ( WCSB ) production assets and management team through a debt acquisition of Toscana Energy Income Corporation ( Toscana or TEIC ) and entry into an Option agreement to acquire all issued and outstanding shares of TEIC
i3 Energy paid CAD3.4 million (c.USD2.5 million), half in March 2020 and half at end-December, to acquire all of TEIC s outstanding debt and to assume the role of senior-secured lender to Toscana, which was in default under its CAD28 million (c.USD21 million) senior and subordinated credit facilities and was conducting a competitive strategic review process; i3 additionally issued 4,399,224 ordinary shares to TEIC shareholder
Term“) of the existing $4,000,000 loan facility (the “
Facility“) with an insider of the Company (the “
Lender“) was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on demand to the Lender on 60 days written notice. The Facility can be cancelled at any time by the Lender on 60 days written notice. There is no amount drawn on the Facility at this time.
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Pine Cliff Energy Ltd. Announces Extension of Insider Loan Facility, Changes to Board of Directors and Provides Information Regarding Annual and Special Meeting of Shareholders
TSX: PNE) (
Term ) of the existing $4,000,000 loan facility (the
Facility ) with an insider of the Company (the
Lender ) was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on demand to the Lender on 60 days written notice. The Facility can be cancelled at any time by the Lender on 60 days written notice. There is no amount drawn on the Facility at this time.
Processed food was my emotional outlet. I considered it to be my best friend and put it above anyone else. says 44-year-old Evon Dennis. It led her to become depressed, and at her highest, she weighed 250 pounds. She remembers being too embarrassed to go out, so instead, she would send her oldest daughter, then a teenager, to the grocery store to buy her next fix: Potato chips, sugary cereals, processed cheeses, and more. For Evon, it felt like her identity was taken over by being a junk food junkie. Now looking back, Evon wants to share her story of how she found help, went plant exclusive (all you consume are plants), and essentially saved her life. Today she weighs 110 pounds and is fit, happy and most of all, proud of the example she is setting her daughters, now 24 and 17 years old.