MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Monday June 12 2017
AltaGas Ltd. Announces Monthly Dividend
AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that the June dividend will be paid on July 17, 2017, to common shareholders of record on June 26, 2017. The ex-dividend date is June 22, 2017. The amount of the dividend will be $0.175 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.
As previously announced, AltaGas has a Premium Dividend™, Dividend Reinvestment and Optional Cash Purchase Plan (the "Plan") for eligible shareholders of AltaGas. Eligible shareholders who are enrolled in the Plan may have their common share dividends reinvested towards the purchase of additional common shares of AltaGas at a three percent discount to the Average Market Price (as defined by the Plan) under the Dividend Reinvestment Component of the Plan; or may have their common share dividends reinvested in additional common shares of AltaGas issued at a three percent discount to the Average Market Price (as defined by the Plan) and have these additional common shares of AltaGas exchanged under the Premium Dividend™ Component of the Plan for a cash payment equal to 101 percent of the reinvested amount. A complete copy of the Plan, together with a series of questions and answers and enrollment forms, are posted on AltaGas' website at www.altagas.ca.
Participation in the Plan is optional. Eligible shareholders who have not elected to participate in the Plan will continue to receive their regular cash dividend in the usual manner.
AltaGas is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca.
SOURCE AltaGas Ltd.
Canadian Overseas Petroleum Ltd: Admission to Trading in London of Shares
Further to the announcement on 9 June, 2017, Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX-V: XOP) (LSE: COPL), announces the admission (the "New Shares Admission") to the standard listing segment of the Official List, and to trading on the London Stock Exchange's main market for listed securities, of 757,066,868 common shares of no par value in the capital of the Company ("New Common Shares"). New Shares Admission is expected to become effective at 8:00 a.m. (London time) today, 12 June, 2017.
The New Common Shares (via Depositary Interests through CREST) will be freely transferable on the main market of the London Stock Exchange. However, there is a temporary restriction on the transfer of such New Common Shares, such that such shares cannot be transferred through CREST to the Company's Canadian share register for a period of four months and one day from the date the shares are issued.
The Company will be required by the TSX-V, as a condition of its continued listing on such exchange, to consolidate the issued and outstanding common shares in the capital of the Company (the "Common Shares") within six months (the "Consolidation") on the basis of one post-Consolidation Common Share for no less than six pre-Consolidation Common Shares. The Company received shareholder approval for the Consolidation at its annual general meeting of shareholders held on 6 June 2016.
In connection with the 650,000,000 New Common Shares issued pursuant to the placing announced on 25 May 2017 ("Brokered Offering"), the Company paid a commission to Shore Capital Stockbrokers Limited ("SCS") of 6% of the gross proceeds of the Brokered Offering. The Company also issued to SCS an aggregate of 39,000,000 warrants to subscribe for new Common Shares ("Broker Warrants"), with an exercise price of £0.005 per Broker Warrant for a period of 24 months from today.
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ClearStream Announces Appointment of Interim CEO
ClearStream Energy Services Inc., ("ClearStream") (TSX:CSM) announces the resignation of its President and CEO, John Cooper. The Company's Executive Chairman, Dean MacDonald, will assume the role of interim CEO. Mr. Cooper will remain on the Board and assist the Company in ensuring a smooth transition. The ClearStream Board will immediately initiate a process to recruit a high calibre executive to fill the position of CEO on a permanent basis.
On behalf of the Board, Mr. MacDonald commented: "The Board is very thankful for all the efforts that John has put into navigating the business and establishing ClearStream as a leading services company to energy and industrial clients across Western Canada. We believe ClearStream is now well positioned to continue to grow its business on the solid foundation built by John and the executive team. The Board, executive team and staff are excited about ClearStream's future and its prospects for growth and value creation."
About ClearStream Energy Services Inc.
ClearStream provides maintenance and turnarounds, facilities construction, welding and fabrication, and transportation services to customers across Western Canada. For more information about ClearStream, please visit www.clearstreamenergy.ca.
SOURCE ClearStream Energy Services Inc.
Keyera Announces June 2017 Dividend
Keyera Corp. (TSX:KEY) ("Keyera") announced today a cash dividend for June 2017 of 14.00 cents per common share. The dividend will be payable on July 17, 2017, to shareholders of record on June 22, 2017. The ex-dividend date is June 20, 2017. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax.
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids fractionation, transportation, storage and marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
SOURCE Keyera Corp
Keyera Appoints New Member to Board of Directors
Keyera Corp. (TSX:KEY) ("Keyera") is pleased to announce the appointment of Ms. Charlene Ripley to its Board of Directors effective immediately.
Ms. Ripley has nearly 30 years of experience leading enterprise functions including legal, risk management, information technology, corporate affairs and government relations, as well as supporting several multi-million and billion dollar growth transactions. She is currently the Executive Vice President, General Counsel at Goldcorp and prior to that served as Senior Vice President and General Counsel at Linn Energy (Houston) and as Vice President General Counsel, Corporate Secretary and Chief Compliance Officer at Anadarko Petroleum Corporation (Houston).
Ms. Ripley is a member of The Law Society of British Columbia, The Law Society of Alberta, Texas State Bar and Canadian Bar Association. Ms. Ripley holds a Bachelor of Arts, with distinction, from the University of Alberta and earned her law degree from Dalhousie University in Halifax, Nova Scotia. She also chairs the BC and Yukon Provincial Advisory Board for the Canadian Heart and Stroke Foundation.
"We are pleased to welcome Charlene to Keyera's Board," said Jim Bertram, Chair of Keyera's Board of Directors. "Her knowledge and expertise in the energy sector will be a great asset to the team and we look forward to her contributions on the Board."
Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids processing, transportation, storage, marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
SOURCE Keyera Corp
Tervita Corporation Announces New President and Chief Executive Officer
Tervita Corporation ("Tervita" or the "Company"), a leading environmental solutions provider, announced today the following change to the Company's executive structure.
"We are pleased to announce the appointment of John Cooper as President and Chief Executive Officer for Tervita Corporation," said Grant Billing, Interim CEO and Chairman of the Board. "John brings a wealth of experience in energy services businesses where he most recently was the President and CEO of ClearStream Energy Services Inc. His enthusiasm and dedication to providing high quality services to customers through a focus on safety and efficiency of operations will be complimentary to Tervita's strong operating focus. John recognizes the key role of employees and teamwork to provide a positive environment for execution of everyday activities and achievement of strategic initiatives."
Mr. Cooper has over 30 years of leadership experience in the energy, industrial and logistical industries steering organizational strategy and building high performing teams in diverse business environments. In addition to ClearStream Energy Services Inc., he served in various senior positions including Chief Operating Officer of Savanna Energy Services Corp.; President and Chief Executive Officer at Enermax Services Inc.; and President of Superior Propane Inc.
Grant Billing will remain on as Interim Chief Executive Officer until Mr. Cooper's start date and will remain the Chairman of Tervita Corporation. Mr. Cooper will be appointed as a Director to the Board of Directors of Tervita Corporation.
Tervita has close to 40 years of operational experience in Canada as a leading environmental solutions provider. Our integrated earth, water, waste and resource solutions deliver safe and efficient results through all phases of a project by minimizing impact, maximizing returns.™ Our dedicated employees are trusted sustainability partners to oil and gas, construction, mining, government and communities. Safety is our highest priority: it influences our actions and shapes our culture. For more information visit Tervita.com.
SOURCE Tervita Corporation
Touchstone Announces Additional Director Nominee for
Upcoming Annual Shareholder Meeting
Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to announce that it will be putting forward Mr. Peter Nicol as an additional nominee for election to its board of directors at its upcoming annual shareholder meeting ("AGM") to be held on Monday, June 19, 2017. Touchstone President and Chief Executive Officer, Paul Baay, said, "We are pleased that this excellent candidate has agreed to stand for election to our board. Mr. Nicol's knowledge and experience with UK capital markets will be valuable in conjunction with our AIM Admission."
Management intends to rely on its discretionary authority granted in proxies currently being solicited in conjunction with the Company's Management Information Circular and Proxy Statement dated May 16, 2017 to vote in favour of the election of Mr. Nicol. Mr. Nicol's election will be conditional on the completion of the Company's admission to AIM, which is expected to occur by the end of June 2017. A ballot will be taken at the AGM in connection with the election of the directors of the Company and resolving to set the number of directors to be elected at six. The Company's Management Information Circular and Proxy Statement is available on SEDAR (www.sedar.com) and the Company's website (www.touchstoneexploration.com).
Touchstone Exploration Inc. is a Calgary based company engaged in the business of acquiring interests in petroleum and natural gas rights, and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange under the symbol "TXP".
SOURCE Touchstone Exploration Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.