공고 • Nov 21
EF EnergyFunders Ventures, Inc. Announces Resignation of Garrett Glass as Director EF EnergyFunders Ventures, Inc. announced that Garrett Glass has resigned as Director of the Corporation. EnergyFunders would like to thank Mr. Glass for his dedication and service to the Corporation. 공고 • Oct 01
EF Energyfunders Ventures, Inc. Announces Resignation of Piyush Prakash as Chief Technology Officer EF EnergyFunders Ventures, Inc. announced that Piyush Prakash has resigned as Chief Technology Officer of the Corporation. 공고 • May 30
EF EnergyFunders Ventures, Inc., Annual General Meeting, Aug 10, 2023 EF EnergyFunders Ventures, Inc., Annual General Meeting, Aug 10, 2023. 공고 • Feb 09
EF Energyfunders Ventures, Inc. Announces Resignation of Arnold Moreno as President and Chief Investment Officer EF EnergyFunders Ventures, Inc. announced that Arnold Moreno has resigned as President and Chief Investment Officer of the Corporation. 공고 • Jan 25
EF EnergyFunders Ventures, Inc. Announces Resignation of Tom Crain as Director of the Corporation EF EnergyFunders Ventures, Inc. announced that Tom Crain has resigned as a director of the Corporation. 공고 • Jul 30
Paleo Resources, Inc. (TSXV:PRE) completed the acquisition of EF Resources, Inc. Paleo Resources, Inc. (TSXV:PRE) entered into a definitive merger agreement to acquire EF Resources, Inc. on December 20, 2019. The transaction is expected to be completed through a merger of EFR and an indirect US subsidiary of Paleo under Texas law pursuant to which Paleo shareholders and EFR shareholders will hold, on a fully diluted basis, 75% and 25% of the total issued common shares of Paleo, respectively. The consideration for all the stocks of EF Resources will be given in common stock of Paleo Resources. Paleo Resources shall retain, and not pay at closing, the holdback shares which will be released nine months after the closing date. EF Resources shall continue as the surviving company and a wholly-owned subsidiary of Paleo Resources. Immediately following closing, Paleo Resources shall provide an unsecured loan to surviving company in an amount not less $0.2 million for use by surviving company in repaying outstanding liabilities in an amount not in excess of $0.1 million. Jeff Harder, the Chairman of EF Resources will join the board of Paleo. Post-merger, EF Resources will continue to be led by its co-founder and chief executive officer Casey Minshew. The transaction is subject to restructuring of related party debt, acquisition of certain leasehold farm-in rights from related parties by Paleo on terms agreeable to the parties, required regulatory approvals including the approval of the TSX Venture Exchange and compliance with any conditions to such approval, and other customary closing conditions for a transaction of this nature. The transaction is conditional upon POC Loan and ERC Loan conversion to Common Shares of Paleo Resources. The transaction is unanimously approved by the Board of Directors of both Paleo and EF Resources. The transaction may be terminated upon agreement of the parties, by either party in the event of default of the other party or by either party if the transaction does not close by February 29, 2020. The transaction is expected to close on or before February 27, 2020. Roy Hudson of DLA Piper (Canada) LLP served as legal advisor to Paleo Resources. Paul C. Sewell of Krage & Janvey LLP served as legal advisor to Paleo. Jeffrey R. Harder of Jackson Walker LLP served as legal advisor to EF Resources.
Paleo Resources, Inc. (TSXV:PRE) completed the acquisition of EF Resources, Inc. on June 16, 2020. Paleo authorized the issuance of an aggregate of 86.5 million common shares of Paleo to the former shareholders of EF Resources, representing 25% of the total issued and outstanding common shares of Paleo on a fully diluted basis, of which 77.9 million shares have been issued and 8.7 million shares are subject to a holdback in respect of certain representations and warranties provided in favor of Paleo pursuant to the merger agreement. In addition, in connection with the acquisition, Jeff Harder, the Chairman of EF Resources has been appointed as a Director of Paleo and Casey Minshew, the Chief Executive Officer of EF Resources has been appointed as Chief Commercial Officer of Paleo. Paleo also announced that, following the closing of the acquisition, Roy Hudson resigned as Corporate Secretary and as a Director of Paleo and Marc Rhoades resigned as Chief Operating Officer of Paleo. Paul Sewell has been appointed as a Director and Corporate Secretary, and Kim Vo has been appointed Chief Financial Officer of the corporation following the recent departure of Chief Finance Officer Steven Vucurevich. 공고 • Jun 16
Paleo Resources, Inc. Auditor Raises 'Going Concern' Doubt Paleo Resources, Inc. filed its Annual on May 29, 2020 for the period ending Dec 31, 2019. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.