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Last week’s top-gaining mining stocks on the TSXV were Sintana Energy, PetroFrontier, Gratomic, North Peak Resources and St. James Gold. The S&P/TSX Venture Composite Index (INDEXTSI:JX) trended downward last week, closing on Friday (March 5) at 919.09 after opening at 1,039.47 on Monday (March 1). Last week brought downward momentum for many commodities, including gold, which dropped below US$1,700 per ounce, reaching its lowest level since mid-2020. Oil prices, however, have trended higher in the first week of March, with Brent crude rising above US$70 per barrel on Sunday (March 7). The increase came after top oil exporter Saudi Arabia said there had been an attack on the country’s energy facilities, pulling security of global supply into question. ....
PetroFrontier Corp. Announces Credit Facility PetroFrontier or the Corporation ) ( TSXV:PFC) is pleased to announce that it has secured a credit facility enabling it to meet its drilling commitments. Credit Facility The commitment letter provided to the Corporation provides for advances in the amount of up to CDN $2,000,000 (the Credit Facility ) from a syndicate of lenders including Kasten Energy Inc. ( Kasten ) and Paul Cheung (collectively, the Lenders ). Kasten and Paul Cheung are insiders of PetroFrontier as they each own more than 10% of the outstanding common shares of the Corporation (the Common Shares ). The closing of the Credit Facility is subject to the approval of the TSX Venture Exchange Inc. (the ....