Razor Energy Corp. - Calgary
About Razor Energy Corp.
On January 31, 2017, Razor went public with an arrangement with an existing TSX Venture listed company named Vector Resources Inc. Simultaneously, we completed a share issuance, share consolidation, secured a term loan facility with AIMCo, and closed a strategic asset acquisition in Swan Hills.
Later that year, in May 2017, we closed a prospectus financing of 5,750,000 subscription receipts at a price of $3.00 per subscription receipt for gross proceeds of $17.3 million (net proceeds of approximately $15.5 million. This equity financing was used to purchase additional assets in Alberta, namely Montney producing, oil weighted assets in Kaybob. We continued acquiring the remaining working interest positions within Kaybob Triassic Units 1 & 2 in December 2017 and again in January 2018. Funding for these acquisitions was through the increase of our term facility with AIMCO, from $30 million to $45 million. Terms remained unchanged with the principal due in January 2021 with an interest rate of 10%, payable semi-annually.
Contact Razor Energy Corp.
| Address : | 500 5 Ave SW #800, Calgary, AB T2P 3L5, Canada |
| Phone : | 📞 + |
| Postal code : | 2 |
| Website : | http://www.razor-energy.com/ |
| Categories : | |
| City : | P |
|
A
|
AKE Consulting Inc. on Google
★ ★ ★ ★ ★ |
|
I
|
Ignacy Broda on Google
★ ★ ★ ★ ★ This company does not answer customer phones, emails when it comes to paying people. Very poorly managed company and the CEO does not respond to any emails or forms of communication
|
Write some of your reviews for the company Razor Energy Corp.
Your reviews will be very helpful to other customers in finding and evaluating information
Nearby places in the field of Oil & natural gas company,
Nearby places Razor Energy Corp.
