Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units

Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units

Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,877,378 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 2,657,622 Common Shares to certain of its directors and officers. It has also approved the granting of 1,849,001 Options and 906,999 RSUs to certain of its employees and consultants.

All of the Options are exercisable for a period of five years at a price of $0.81 per Common Share and 33â…“% of the Options will vest on the date that is one year after the date of the grant of such Options and the remainder will vest 33â…“% per year thereafter. All of the RSUs are exercisable for a period of three years at no additional cost and 33â…“% of the RSUs will vest on the date that is one year after the date of the grant of such RSUs and the remainder will vest 33â…“% per year thereafter.

Following the grant of Options and RSUs, Coelacanth has an aggregate of 22,697,637 Options and 8,460,065 RSUs outstanding. Coelacanth's share based incentive plans limit the total number of Common Shares underlying the aggregate outstanding Options and RSUs to no more than 10% of the issued and outstanding Common Shares of 531,352,966. As of the date of this press release, the total number of Common Shares underlying the outstanding Options and RSUs on an aggregate basis is 31,157,702 or approximately 5.86% of the issued and outstanding Common Shares.

FOR FURTHER INFORMATION PLEASE CONTACT:

Coelacanth Energy Inc.
2110, 530 - 8th Ave SW
Calgary, Alberta T2P 3S8
Phone: 403-705-4525
www.coelacanth.ca

Mr. Robert J. Zakresky
President and Chief Executive Officer

Mr. Nolan Chicoine
Vice President, Finance and Chief Financial Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NOT FOR DISTRIBUTION IN TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237872

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Natural gas exploration and production in the prolific Montney region in British Columbia

Coelacanth Announces Q4 2024 Financial and Operating Results

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Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2024. All dollar figures are Canadian dollars unless otherwise noted.

2024 HIGHLIGHTS

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Coelacanth Announces 2024 Year-End Reserves

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Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its 2024 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2024 (the "GLJ Report" or the "Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted.

Introduction

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Coelacanth Energy Inc. Announces Operations Update

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Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 additional wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Upper Montney well on the 5-19 pad.

LOWER MONTNEY

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Coelacanth Announces Q3 2024 Financial and Operating Results

Coelacanth Announces Q3 2024 Financial and Operating Results

Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. All dollar figures are Canadian dollars unless otherwise noted.

FINANCIAL RESULTS Three Months Ended

Nine Months Ended

 September 30

September 30
($000s, except per share amounts)  2024

2023

% Change

2024

2023

% Change

 
















Oil and natural gas sales 2,362

679

248

9,192

2,459

274

  

 

 

 

 

 
Cash flow used in operating activities (3,730)
(2,553)
46

(954)
(3,830)
(75)
Per share - basic and diluted (1) (0.01)
(0.01)
-

(-)

(0.01)
(100)

  

 

 

 

 

 
Adjusted funds flow (used) (1) (207)
(773)
(73)
1,133

(2,083)
(154)
Per share - basic and diluted (-)

(-)

-

-

(-)

-

  

 

 

 

 

 
Net loss (2,464)
(1,869)
32

(5,994)
(5,823)
3
Per share - basic and diluted (-)

(-)

-

(0.01)
(0.01)
-

  

 

 

 

 

 
Capital expenditures (1) 15,760

31,176

(49)
19,545

39,957

(51)

  

 

 

 

 

 
Adjusted working capital (1)  

 

 

47,264

23,516

101

  

 

 

 

 

 
Common shares outstanding (000s)  

 

 

 

 

 
Weighted average - basic and diluted 530,212

426,476

24

529,605

425,685

24

  

 

 

 

 

 
End of period - basic  

 

 

530,267

426,670

24
End of period - fully diluted  

 

 

617,214

469,781

31
   

 

 

 

 

 
(1) See "Non-GAAP and Other Financial Measures" section.

 

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TWO RIVERS EAST PROJECT

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AMENDED FROM SOURCE - Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

AMENDED FROM SOURCE - Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2

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Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

TSX Venture Exchange (TSX-V): BSK
Frankfurt Stock Exchange (FSE): MAL2
OTCQB Venture Market (OTC): BKUCF

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GoviEx Advances the Muntanga Uranium Project with Submission of Draft Environmental and Social Impact Assessment to Zambian Environmental Agency

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GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or "the Company") is pleased to announce that it has further advanced the development of its Muntanga Uranium Project in Zambia with the filing of its draft Environmental and Social Impact Assessment ("ESIA") with the Zambian Environmental Management Agency ("ZEMA").

This submission marks a key step in the project's transition from feasibility towards execution. With the draft ESIA now submitted, ZEMA will undertake a review of the document and provide comments and guidance to GoviEx. This feedback will inform the final ESIA, which GoviEx will then resubmit for final approval, which is expected in the second half of 2025.

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Canadian Natural Resources Limited Announces Amendment to Stock Option Plan

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that it has amended its Amended, Compiled and Restated Stock Option Plan (the "Plan") to clarify that the amendment provisions of the Plan require shareholder approval for any amendments to such provisions (the "Amendment"). The Amendment updates the disclosure on page 16 and Schedule D of Canadian Natural's proxy statement and management information circular dated March 19, 2025 (the "Circular") and is effective as of the date hereof.

Canadian Natural's shareholders are being asked to approve all unallocated stock options pursuant to the Plan, as modified by the Amendment, at the Company's upcoming annual and special meeting of shareholders to be held on May 8, 2025 at 11:00 am (MDT). Canadian Natural believes that the Amendment is consistent with the policies of Institutional Shareholder Services ("ISS") and encourages all shareholders to vote FOR the approval of the unallocated stock options under the Plan, as modified by the Amendment, all as more particularly described in the Circular.

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Blue Sky Uranium Closes 1st Tranche of the Non-Brokered Private Placement

Blue Sky Uranium Closes 1st Tranche of the Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.)

TSX Venture Exchange:  BSK
Frankfurt Stock Exchange:  MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC , April 7, 2025 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , ("Blue Sky" or the "Company") is pleased to announce it has closed a first tranche of the non-brokered private placement (the " Offering ") through the issuance of 24,336,000 units at a subscription price of $0.05 per unit for aggregate gross proceeds of $1,216,800 . The Company announced the private placement on March 27, 2025 .

Each Unit consists of one common share (each, a " Share ") and one transferrable common share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one Share at a price of $0.07 for a period of four (4) years from the date of issue, expiring on April 8, 2029 .

Finder's fees of $25,060 are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 501,200 non-transferable finder's warrants are being issued (the " Finder's   Warrants "). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.05 per share for four (4) years from the date of issue, expiring on April 8, 2029 .

Certain insiders of the Company participated in the Private Placement for $36,750 in Units. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), but the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Company's market capitalization.

This Offering is subject to regulatory approval and all securities to be issued pursuant to the Offering in this first tranche are subject to a four-month hold period under applicable Canadian securities laws expiring on August 8, 2025 . The proceeds of the Offering will be used for general working capital.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina . The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina . The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
______________________________________
Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States .

SOURCE Blue Sky Uranium Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/07/c5565.html

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