MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Bonterra Energy Corp. Confirms Cash Dividend for May 2017
Payable June 30th, 2017
Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the May 2017 monthly cash dividend will be $0.10 per share and will be paid on June 30th, 2017. The record date for the dividend is June 15th, 2017 and the ex-dividend date is June 13th, 2017. The dividend is paid monthly and is subject to commodity prices and production levels.
The dividend is considered an "eligible dividend" for tax purposes.
Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. The shares are listed on The Toronto Stock Exchange under the symbol "BNE".
SOURCE Bonterra Energy Corp.
CGX Energy Inc. Announces Annual and Special Meeting Voting Results
CGX Energy Inc. (TSX-V - OYL) ("CGX Energy" or the "Company") annual and special meeting of shareholders was held on Thursday June 1, 2017, where each of the three nominees proposed as directors pursuant to the Company's management proxy circular dated May 11, 2017 were elected as directors. The directors achieved an average approval vote of 92% from shareholders. The detailed results of the vote are set out below:
About CGX Energy
CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin.
SOURCE CGX Energy Inc.
Pure Technologies Declares Quarterly Dividend
Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) announces that its Board of Directors has declared a quarterly dividend of $0.03 per common share payable on June 30, 2017 to shareholders of record on June 15, 2017.
The Company hereby notifies all shareholders that the dividend payable on June 30, 2017 will be designated as an "eligible dividend" for Canadian income tax purposes pursuant to subsection 89(14) of the Income Tax Act (Canada).
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international asset management, technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world.
SOURCE Pure Technologies Ltd.
Seven Generations Energy's CEO transition moves ahead
The Board of Directors of Seven Generations Energy Ltd. (TSX:VII) has approved a CEO transition plan that will see founding Chief Executive Officer Pat Carlson retire on June 30, 2017.
Marty Proctor, President & Chief Operating Officer, will become President & Chief Executive Officer on July 1, 2017, which reflects a succession plan that was envisioned when Marty joined 7G in 2014. 7G's Senior Executive Leadership Team will be led by Marty Proctor and include fellow executives Glen Nevokshonoff, Susan Targett and Chris Law. This Senior Executive Leadership Team has been preparing to take over leadership of the company under the guidance of the Board, Pat Carlson and a global corporate leadership development firm. The team will share day-to-day oversight and the long-term management responsibilities for 7G.
"Pat Carlson is an insightful founder who built a differentiated energy company by starting with a blank sheet of paper ten years ago. He assembled and led a talented and innovative team that grounded business in dedicated service to stakeholders. Pat's entrepreneurial vision grew Seven Generations from ideas and concepts into a $10 billion enterprise that ranks among Canada's top 10 producers. Through largely organic growth and during one of the longest downturns in the oil and natural gas industry's history, Pat's work at Seven Generations is an extraordinary achievement, especially in such a short period of time," said Kent Jespersen, Chair of 7G's Board of Directors.
"The Board of Directors has full confidence that Marty and the other members of the Senior Executive Leadership Team will continue Pat's well-established tradition of value creation through differentiated stakeholder service," Jespersen said.
"I am pleased to be turning over a company with leading quality resources, the development capability to match and, most importantly, a strong focus on serving the public. I have had the very good fortune and opportunity to build a company and to turn it over to a team that I recruited and saw develop. The Senior Executive Leadership Team is assembled to continue our differentiation by pursuing long-term objectives such as expanding market access, engaging stakeholders throughout projects and ongoing technical innovation. I have every confidence that our senior leaders and the entire 7G team are exceedingly capable of making Seven Generations stronger, and a better servant of the public and shareholders," Carlson said.
"Pat has defined a unique benchmark for how companies compete and create value by serving people and the environment. By researching and unlocking leading-edge technology that produces highly competitive, low-supply-cost natural gas in an oversupplied market, then framing company culture in a Code of Conduct that serves seven stakeholders, Pat's progressive, distinct and human approach to business has differentiated Seven Generations," Proctor said.
Carlson will continue as a 7G director, chairing the Risk Management Committee and serving on the HSE and Community Engagement Committee and the Reserves Committee of the Board of Directors.
Seven Generations Senior Executive Leadership Team
As President & CEO, Marty, a Professional Engineer, will have a primary focus on culture, staff development, market development and strategy. Glen Nevokshonoff, a Professional Geoscientist, will become Chief Operating Officer, leading day-to-day drilling, completions, production and construction operations. Susan Targett, a Professional Landman, becomes Executive Vice President, Corporate, continuing her focus on land, indigenous people and community and government relations. Chris Law, MBA, continues as Chief Financial Officer responsible for finance, treasury, corporate planning, and information technology. Comprehensive biographical information and strategic discussions by each of the senior executives are in three recent publications: Annual Strategic Update - January 2017, 2016 Annual Report and Generations 2017 - posted on the 7G website home page: 7genergy.com.
Seven Generations Energy
Seven Generations is a low-cost, high-growth Canadian natural gas developer generating long-life value from its liquids-rich Kakwa River Project, located about 100 kilometres south of its operations headquarters in Grande Prairie, Alberta. 7G's corporate headquarters are in Calgary and its shares trade on the TSX under the symbol VII.
SOURCE Seven Generations Energy Ltd.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.