Exploration & Production | Finance & Investing | Capital Markets
Relentless Resources Raises $2 MM
Print
|
Relentless Resources Ltd. has announced that it intends to complete a non-brokered private placement for up to $2.0 million comprised of up to 4,444,445 common shares of the Company at a price of $0.225 per Common Share and up to 3,703,704 Common Shares to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) at a price of $0.27 per Flow-Through Share.
The shares will be subject to a four month hold period. A portion of the private placement may be subscribed for by officers and directors of the Company.
The gross proceeds from the private placement will be used to fund the Company's 2015 capital expenditure program. The gross proceeds of the sale of the Flow-Through Shares will be used to incur and renounce qualifying expenditures pursuant to the Tax Act.
Completion of the private placements is subject to the approval of the TSX Venture Exchange.
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…