공시 • 8h
AKITA Drilling Ltd. (TSX:AKT.A) completed the acquisition of Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for approximately CAD 106 million. AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million on April 26, 2026. The purchase price includes issuance of 19,264,270 common shares to Paramount Resources Ltd. Following the completion, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding Common Shares. A special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026.
The transaction is subject to customary conditions, including the conditional approval of the TSX for the listing of the Common Shares and shareholder approvals. The special meeting of the shareholders of AKITA will be held to approved the transaction on June 29, 2026.
Blake, Cassels & Graydon LLP acted as legal advisor for AKITA Drilling Ltd. Charles River Associates served as financial advisor to the board of directors of the AKITA Drilling Ltd. Peters & Co., Limited acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Paramount Resources Ltd. Odyssey Trust Company acted as transfer agent for AKITA Drilling Ltd.
AKITA Drilling Ltd. (TSX:AKT.A) completed the acquisition of Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for approximately CAD 106 million on June 30, 2026. As of June 30, 2026, Pursuant to the Share Reorganization, each Class A Non-Voting Share of AKITA changed into one Class B Common Share of AKITA following which the Class B Shares were renamed Common Shares. New Risk • Jun 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.9m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€85.9m market cap, or US$98.6m). 공시 • Apr 27
AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million. AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million on April 27, 2026. The purchase price includes issuance of 19,264,270 common shares to Paramount Resources Ltd. Following the completion, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding Common Shares. A special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026.
The transaction is subject to customary conditions, including the conditional approval of the TSX for the listing of the Common Shares and shareholder approvals.
Blake, Cassels & Graydon LLP acted as legal advisor for AKITA Drilling Ltd. Charles River Associates served as financial advisor to the board of directors of the AKITA Drilling Ltd. Peters & Co., Limited acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Paramount Resources Ltd. 공시 • Mar 04
AKITA Drilling Ltd., Annual General Meeting, May 12, 2026 AKITA Drilling Ltd., Annual General Meeting, May 12, 2026. 공시 • Feb 10
AKITA Drilling Ltd. to Report Fiscal Year 2025 Results on Mar 18, 2026 AKITA Drilling Ltd. announced that they will report fiscal year 2025 results on Mar 18, 2026 공시 • Nov 26
AKITA Drilling Ltd. Announces Appointment of Rob Symonds as Independent Director to its Board of Directors, effective November 24, 2025 AKITA Drilling Ltd. announced the appointment of Mr. Rob Symonds to its Board of Directors, effective November 24, 2025. Mr. Symonds was COO of Husky Energy, overseeing upstream production and downstream processing. He was accountable for all onshore North American operations, offshore operations in Atlantic Canada, marketing, trading, retail, procurement, safety, major projects, and global exploration. Mr.Symonds was an officer of Husky Energy Inc. as well as an officer and director of several Husky-owned subsidiary companies. He guided the reserves recognition process, ensuring compliance with regulations and Securities &Exchange Commission requirements. Prior to Husky, Mr.Symonds was an executive and officer at Enerplus Corporation, a Canadian upstream venture. He began his career as a reservoir engineer at Shell Canada, after attaining his Master of Science in Petroleum Engineering at University of Alberta and Bachelor of Science in Chemical Engineering at the University of Edinburgh. At Shell Canada, Mr.Symonds led upstream and offshore businesses and corporate strategy. Internationally, Mr.Symonds was JV manager for Shell U.K. Exploration and Production PLC's North Sea assets. 
