|Bid||0.0250 x N/A|
|Ask||0.0350 x N/A|
|Day's Range||3.5000 - 3.5000|
|52 Week Range||0.0100 - 3.9000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr. 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||600.00|
Spartan Delta Corp. (formerly Return Energy Inc., "Spartan" or the "Company") (RTN:TSXV) is pleased to announce the closing of its previously announced acquisition of substantially all of the assets (the "Assets") of Bellatrix Exploration Ltd. (the "Acquisition"). The Acquisition was funded through a combination of cash on hand and a senior-secured lending facility with a syndicate of lenders comprised of National Bank of Canada, ATB Financial and Canadian Western Bank in the amount of $100.0 million (the "Credit Facility"). In addition, gross proceeds of $64.0 million have been released to the Company pursuant to its previously announced private placement of subscription receipts ("Subscription Receipts") and common shares ("Common Shares") of Spartan, further details of which are provided below.
VANCOUVER , June 1, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Return Energy Inc. TSX-Venture Symbol: RTN Reason: At the Request of the Company Pending News Halt Time (ET): 9:53 ...
TORONTO , May 29, 2020 /CNW/ - https://www.youtube.com/watch?v=7jn3h8Lxx60 The C-Suite At the Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange ...
Spartan Delta Corp. ("Spartan" or the "Company") (RTN:TSXV) is pleased to announce that its previously announced acquisition (the "Acquisition") of substantially all of the assets of Bellatrix Exploration Ltd. ("Bellatrix") has been approved by the Court of Queen's Bench of Alberta (the "CCAA Court") under the Companies' Creditors Arrangement Act (Canada). The CCAA Court has granted Bellatrix an Approval and Vesting Order (the "Approval Order") in connection with the Acquisition.
Spartan Delta Corp. ("Spartan" or the "Company") (RTN:TSXV) is pleased to announce that it has closed its previously announced non-brokered equity financing. The Company has issued 2,945,500,000 subscription receipts (the "Subscription Receipts") at a price of $0.02 per Subscription Receipt for aggregate gross proceeds of $58.91 million (the "Subscription Receipt Offering"). In addition, the Company has entered into irrevocable subscription agreements for the issuance of 254,500,000 common shares in the capital of the Company ("Common Shares") at a price of $0.02 per Common Share for gross proceeds of $5.09 million (the "Common Share Offering") and, together with the Subscription Receipt Offering, aggregate gross proceeds of $64.0 million.
Spartan Delta Corp. ("Spartan" or the "Company") (RTN:TSXV) is pleased to announce that, as a result of excess confirmed and committed institutional demand, it has increased its previously announced financing of subscription receipts ("Subscription Receipts") detailed in its press release dated April 23, 2020, to 3,200,000,000 Subscription Receipts at a price of $0.02 per Subscription Receipt to now raise gross proceeds of $64.0 million (the "Private Placement"). In all other respects, the terms of the Private Placement and use of proceeds will remain as previously disclosed in the April 23, 2020, press release. Closing of the Private Placement is expected to occur on or about May 8, 2020.
As every investor would know, not every swing hits the sweet spot. But you have a problem if you face massive losses...
Calgary-based Bellatrix Exploration Ltd. says it has struck a deal to exit Companies’ Creditors Arrangement Act court protection after six months through a sale of its assets to Return Energy Inc.Return would pay $87.4 million in cash under the agreement and assume liabilities it estimated to be worth about $14.8 million.Upon closing the deal, it says it would be renamed Spartan Delta Corp. and undergo a one-for-100 share consolidation.The proposed transaction is subject to the approval of the Court of Queen's Bench of Alberta and other conditions. CCAA gives an insolvent corporation protection from creditors while it restructures its business and financial affairs.Bellatrix says the agreement was negotiated after an extensive review of potential transactions and alternatives with a view to maximizing value for stakeholders.Return says the acquisition is "transformational" and will create an oil and gas producer with output of more than 25,000 barrels of oil equivalent per day from a strong land base in west central Alberta.This report by The Canadian Press was first published April 23, 2020.Companies in this story: (TSXV:RTN)The Canadian Press
Spartan Delta Corp. (“Spartan” or the “Company”) (RTN:TSXV) is pleased to announce that it has entered into an asset purchase agreement (the “APA”) with Bellatrix Exploration Ltd. (“Bellatrix”) to acquire substantially all of Bellatrix’s assets (the “Assets”) for cash consideration of $87.4 million plus the assumption of certain liabilities estimated to be approximately $14.8 million, for a total purchase price of $102.2 million (the “Acquisition”). The Assets, located in west-central Alberta, include high-quality, multi-zone, oil and gas operated production alongside a large land base and strategic infrastructure footprint. The Acquisition advances Spartan’s strategy to acquire and develop underexploited and undercapitalized assets that provide material upside and sustainable free cash flow under current commodities prices.
CALGARY, Alberta, April 07, 2020 -- Return Energy Inc. (“Return” or the “Company”) (RTN: TSXV) is pleased to provide a summary of its financial and operational results for the.
Return Energy Inc. (“Return” or the “Company”) (RTN: TSXV) is pleased to announce that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of $25.0 million (the “Private Placement”) and appointed a new management team (the “New Management Team”) and new board of directors (the “New Board”) of the Company (collectively, the “Transaction”). Following the Transaction, the Company’s name will be changed to “Spartan Delta Corp.” (the “Name Change”).
CALGARY, Nov. 21, 2019 /CNW/ - Return Energy Inc. ("Return" or the "Company") (RTN: TSXV) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Fotis Kalantzis and Richard F. McHardy (the "Initial Investors") which provides for: (i) a non-brokered private placement for gross proceeds of up to $25.0 million (the "Private Placement"); and (ii) the appointment of a new management team (the "New Management Team") and new board of directors (the "New Board") of Return (collectively, the "Transaction"). Completion of the Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange (the "TSXV").
We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits...