|Bid||1.3600 x 0|
|Ask||1.4400 x 0|
|Day's Range||1.3500 - 1.4400|
|52 Week Range||0.6300 - 1.4800|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||16.63|
|Earnings Date||Aug. 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.75|
Headwater Exploration Inc. (formerly Corridor Resources Inc.) ("Headwater" or the "Company") (CDH:TSX) is pleased to announce that it has completed its previously announced financing transactions for aggregate gross proceeds of $50.0 million, the appointment of a new management team (the "New Management Team") and the reconstitution of the board of directors of the Company (the "Board"). The financing transactions consisted of: (i) a non-brokered private placement of units of the Company (the "Units") for gross proceeds of $20.0 million (the "Non-Brokered Private Placement"); and (ii) a brokered private placement of subscription receipts of the Company (the "Subscription Receipts") for gross proceeds of $30.0 million (the "Brokered Private Placement" and together with the Non-Brokered Private Placement, the "Private Placements").
Corridor Resources Inc. ("Corridor") (CDH:TSX) is pleased to announce the closing of its previously announced brokered private placement offering ("Subscription Receipt Private Placement") of subscription receipts of Corridor ("Subscription Receipts") pursuant to which Corridor issued 32,608,696 Subscription Receipts at an issue price of $0.92 per Subscription Receipt for aggregate proceeds of $30 million. Stifel FirstEnergy and National Bank Financial Inc. (the "Co-Lead Agents") co-led the Subscription Receipt Private Placement through a syndicate, which also included Peters & Co. Limited (together with the Co-Lead Agents, the "Agents").
CALGARY, Jan. 16, 2020 /CNW/ - Corridor Resources Inc. ("Corridor" or the "Company") (CDH:TSX) announces an update to the financing previously announced in a press release issued by the Company on January 13, 2020. The parties have agreed to amend the terms of the Brokered Private Placement as a result of the Toronto Stock Exchange (the "TSX") requiring shareholder approval (the "Shareholder Approval") of the Non-Brokered Private Placement.
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CALGARY — Shares in Halifax-based natural gas producer Corridor Resources Inc. jumped by as much as 50 per cent on Monday after it proposed bringing in a new management team, along with an injection of up to $50 million.The stock hit a high of $1.32 on the Toronto Stock Exchange, up from its 88-cent close on Friday, after it announced it intended to turn management over to the Calgary-based team that founded Raging River Exploration Inc. and sold it in 2018 to Baytex Energy Corp. in an all-stock deal valued at $2.8 billion.The same team also built and sold previous companies called Wild Stream Exploration Inc. and Wild River Resources Inc.If the deal is approved by shareholders, Corridor would be renamed Headwater Exploration Inc., in keeping with the management team's river name theme.The transaction is to include the non-brokered placement of shares and warrants to buy future shares worth about $20 million from initial investors and a brokered placement of units to raise another $20 million to $30 million.The management team's previous companies have been focused on producing oil and gas mainly in Saskatchewan and Alberta but Corridor's current natural gas production and reserves are in New Brunswick, Quebec and the Gulf of St. Lawrence.Former Raging River CEO Neil Roszell said in a news release Corridor's strategic assets and working capital balance of about $65 million make it an "exceptional" investment opportunity."The Headwater management team is energized and truly believes that the Corridor platform can lead us into becoming a leading Canadian energy producer," he said.This report by The Canadian Press was first published Jan. 13, 2020.Companies in this story: (TSX:CDH)The Canadian Press
TORONTO , Jan. 13, 2020 /CNW/ - Trading resumes in: Company: Corridor Resources Inc. TSX Symbol: CDH (All issues) Resumption (ET): 9:00 AM IIROC can make a decision to impose a temporary suspension (halt) ...
TORONTO , Jan. 13, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Corridor Resources Inc. TSX Symbol: CDH (All issues) Reason: Pending News Halt Time (ET): 8:12 AM IIROC can make ...
/NOT FOR DISSEMINATION IN THE UNITED STATES . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ CALGARY , Jan. 13, 2020 /CNW/ - Corridor Resources Inc. ...
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HALIFAX, Nova Scotia, Nov. 12, 2019 -- Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of.
HALIFAX, Nova Scotia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- (TSX - CDH): Corridor Resources Inc. (“Corridor or the Company”) today announced that the Board of Directors (“Board”) has commenced a formal process to explore and develop strategic alternatives (the “Strategic Review”) with a view to enhancing shareholder value. Corridor has retained RBC Capital Markets as financial advisor to assist in undertaking the Strategic Review. Corridor is uniquely positioned due to the significant cash on its balance sheet, no debt and its low decline producing natural gas asset that generates free cash flow.
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HALIFAX, Nova Scotia, Aug. 12, 2019 -- Corridor Resources Inc. (“Corridor”) (TSX - CDH) announced today its second quarter financial results. The following table provides a.
Steve Moran has been the CEO of Corridor Resources Inc. (TSE:CDH) since 2014. First, this article will compare CEO...
Corridor is a Canadian junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick and offshore in the Gulf of St. Lawrence. Corridor currently has natural gas production and reserves in the McCully Field near Sussex, New Brunswick. In addition, Corridor has a shale gas prospect in New Brunswick and an offshore conventional hydrocarbon prospect in the Gulf of St. Lawrence.
HALIFAX, Nova Scotia, May 15, 2019 -- Corridor Resources Inc. (“Corridor”) announces that a new management presentation was made by Steve Moran, President and CEO, at the.
HALIFAX, Nova Scotia, May 13, 2019 -- Corridor Resources Inc. (“Corridor”) announced today its first quarter financial results for 2019. The following table provides a summary.