Pine Cliff Energy Ltd. Announces Extension of Insider Loan Facility, Changes to Board of Directors and Provides Information Regarding Annual and Special Meeting of Shareholders
TSX: PNE) (
Term ) of the existing $4,000,000 loan facility (the
Facility ) with an insider of the Company (the
Lender ) was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on demand to the Lender on 60 days written notice. The Facility can be cancelled at any time by the Lender on 60 days written notice. There is no amount drawn on the Facility at this time.
Wednesday s Insider Report: Bank executives take profits off the table
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Thursday s analyst upgrades and downgrades - The Globe and Mail
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Pine Cliff Energy Ltd. Announces Annual 2020 Results and Filing of 2020 Disclosure Documents
TSX: PNE) (
Pine Cliff or the
Company ) is pleased to announce its year-end financial and operating results and the filing of its 2020 disclosure documents. Included in the filings were Pine Cliff s annual information form (
AIF ), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51-101
Standards of Disclosure for Oil and Gas Activities and its consolidated financial statements and related management s discussion and analysis for the year ended December 31, 2020 (the
Annual Report ). Selected highlights are shown below and should be read in conjunction with the Annual Report and the AIF.