お知らせ • Aug 29
Beta Energy Corp. announced that it expects to receive CAD 12 million in funding from Apex Opportunities Fund Ltd Beta Energy Corp announced it has entered into a convertible secured funding agreement in respect of a secured convertible debt facility, the Facility will be comprised of an issuance of a senior secured convertible note for a gross proceeds CAD 12,000,000 on August 28, 2024. The transaction includes participation from Apex Opportunities Fund Ltd. The Note will be secured by all of the assets of Beta, repayment of the Note is guaranteed by Kaden, and Kaden’s guarantee will be secured by a senior charge over all of the assets of Kaden. The Note will mature five years from issuance, bear interest at a rate of 10% per annum, and shall be convertible into equity securities of Beta if any person, or group of persons acting jointly or in concert, shall at any time have acquired more than 50% of the issued and outstanding voting securities of Beta; or Beta shall transfer or sell or otherwise dispose of in a single transaction, or in a series of transactions, of more than 50% of its consolidated assets お知らせ • Oct 14
Beta Energy Corp. Appoints Wes Siemens to its Board of Directors Beta Energy Corp. announced that Wes Siemens has joined the Board of Directors. Mr. Siemens, P.Eng, brings over 30 years of operations, production and reservoir engineering, project management, planning and leadership experience. He was Oil Sands General Manager at Nexen (2009 to 2014) and grew production from 15,000 bbl/d to 45,000 bbl/d. Mr. Siemens discovered and developed the Hay medium oil field in NEBC which ramped production to >10,000 bbl/d from over 300 horizontal wells and became the larger producing oil field in British Columbia at that time. お知らせ • Nov 30
Beta Energy Corp. announced a financing transaction Beta Energy Corp. announced a private placement of class A convertible preferred shares on November 28, 2022. Each preferred share is convertible, without payment of additional consideration, into one common share subject to certain conversion dates. Simple interest will accrue at a rate of 10% per annum on the principal value of each outstanding preferred share starting from the date of issuance until the fifth anniversary of the date of issuance, payable to the subscriber in cash annually in arrears. The preferred shares are subject to a statutory hold period in Canada of four months and one day. In the event a preferred share is converted at any time during the 18-month period following the date of issuance, the holder will be entitled to receive, in addition to the common shares issuable to the holder pursuant to such conversion, one-half of one common share purchase warrant. Each warrant will be exercisable for one common share at a price of CAD 2.00 per warrant share for a period of 5 years from the date of issuance of the warrant.
On the same date, the company received its first tranche and issued 2,938,000 preferred shares at an issue price of CAD 1.25 for gross proceeds of CAD 3,672,500. お知らせ • Aug 26
Beta Energy Corp., Annual General Meeting, Oct 24, 2022 Beta Energy Corp., Annual General Meeting, Oct 24, 2022. お知らせ • Jul 21
Beta Energy Corp. announced that it has received funding On July 19, 2022, Beta Energy Corp closed the transaction. The transaction included participation from four investors. お知らせ • Jun 11
Beta Energy Corporation Provides Operational Update on Operations in Alberta, Canada Beta Energy Corporation provided an operational update on its operations in Alberta, Canada. Operating through its 100% wholly owned subsidiary, the Company announces the commencement of its second oil-focused drilling program. A second drilling program has commenced in West Central Alberta with a planned drilling campaign of 4-5 production oil wells. A drilling contractor has been secured and each well is expected to take approximately two weeks to drill and case. Four wells are planned to be drilled from a single pad, while a fifth well, if drilled, may be drilled from a second pad. Once all wells are drilled, they will all be hydraulically stimulated, and solution gas will be tied-in to existing pipelines that currently run less than two miles from the drilling pad(s). These new wells will complement the Company's three existing wells, which were drilled in late 2021 and early 2022. Two of those wells were tied-in and have been producing, while the third of those wells will require a pipeline to be constructed in the fall or winter of 2022, to allow solution gas to be captured and sold; and thus, allow oil production to commence.