CDH.TO - Headwater Exploration Inc.

Toronto - Toronto Delayed Price. Currency in CAD
1.3800
-0.0700 (-4.83%)
At close: 3:59PM EST
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Previous Close1.4500
Open1.4400
Bid1.3600 x 0
Ask1.4400 x 0
Day's Range1.3500 - 1.4400
52 Week Range0.6300 - 1.4800
Volume103,002
Avg. Volume432,342
Market Cap121.643M
Beta (5Y Monthly)N/A
PE Ratio (TTM)16.63
EPS (TTM)N/A
Earnings DateAug. 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.75
  • GlobeNewswire

    Headwater Exploration Inc. (formerly Corridor Resources Inc.) Announces Closing of Financing and Appointment of Former Raging River Management Team

    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").

  • GlobeNewswire

    Corridor Resources Inc. Announces Closing of Subscription Receipt Private Placement

    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").

  • CNW Group

    Corridor Resources Inc. provides update on previously announced financing

    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.

  • How Did Corridor Resources Inc.'s (TSE:CDH) 6.6% ROE Fare Against The Industry?
    Simply Wall St.

    How Did Corridor Resources Inc.'s (TSE:CDH) 6.6% ROE Fare Against The Industry?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • The Canadian Press

    N.B. natural gas producer's shares rise on management switch, funding plan

    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

  • CNW Group

    IIROC Trade Resumption - CDH

    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) ...

  • CNW Group

    IIROC Trading Halt - CDH

    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 ...

  • CNW Group

    Corridor Resources Inc. Announces Proposed Appointment of Former Raging River Management Team, Financing and Changing of Name to Headwater Exploration Inc.

    /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. ...

  • Is Now The Time To Put Corridor Resources (TSE:CDH) On Your Watchlist?
    Simply Wall St.

    Is Now The Time To Put Corridor Resources (TSE:CDH) On Your Watchlist?

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • GlobeNewswire

    Corridor Announces Third Quarter Results and Increased Cash Flow and Production Guidance for Winter 2019/2020

    HALIFAX, Nova Scotia, Nov. 12, 2019 -- Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of.

  • GlobeNewswire

    Corridor Resources Launches a Strategic Review to Unlock Shareholder Value

    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.

  • Is Corridor Resources Inc. (TSE:CDH) Better Than Average At Deploying Capital?
    Simply Wall St.

    Is Corridor Resources Inc. (TSE:CDH) Better Than Average At Deploying Capital?

    Today we are going to look at Corridor Resources Inc. (TSE:CDH) to see whether it might be an attractive investment...

  • Investors Who Bought Corridor Resources (TSE:CDH) Shares Five Years Ago Are Now Down 66%
    Simply Wall St.

    Investors Who Bought Corridor Resources (TSE:CDH) Shares Five Years Ago Are Now Down 66%

    Generally speaking long term investing is the way to go. But no-one is immune from buying too high. To wit, the...

  • GlobeNewswire

    Corridor Announces Second Quarter Results

    HALIFAX, Nova Scotia, Aug. 12, 2019 -- Corridor Resources Inc. (“Corridor”) (TSX - CDH) announced today its second quarter financial results. The following table provides a.

  • Does Corridor Resources Inc.'s (TSE:CDH) CEO Pay Compare Well With Peers?
    Simply Wall St.

    Does Corridor Resources Inc.'s (TSE:CDH) CEO Pay Compare Well With Peers?

    Steve Moran has been the CEO of Corridor Resources Inc. (TSE:CDH) since 2014. First, this article will compare CEO...

  • GlobeNewswire

    Corridor Comments on Recent Developments in New Brunswick

    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.

  • GlobeNewswire

    Corporate Presentation Available on Corridor Website and Shareholders Approve Resolutions at Annual Meeting

    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.

  • GlobeNewswire

    Corridor Announces First Quarter Results

    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.