reports
Divestco Inc. Announces Closing of Asset Sale to 2179602 Alberta Ltd.
Calgary, Alberta--(Newsfile Corp. - June 2, 2019) - Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales solicitation process (the "SSP") that concluded on April 30, 2019 with 2179602 Alberta Ltd. (the "Purchaser") emerging as the "Successful Bidder", the Company completed the sale of substantially all of its assets and business to the Purchaser on June 1, 2019. The sale transaction was completed by way of a credi...
Divestco Announces Court Approval of Sale of Assets to 2179602 Alberta...
Calgary, Alberta--(Newsfile Corp. - May 14, 2019) - Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales solicitation process (the "SSP") that concluded on April 30, 2019 with 2179602 Alberta Ltd. (the "Purchaser") emerging as the "Successful Bidder", the Company today received authorization from the Court of Queen's Bench Alberta (the "Court") to complete the sale of substantially all of Divestco's assets, as contem...
Divestco Cease Trade Order Issued - Failure to File Annual Financial S...
Calgary, Alberta--(Newsfile Corp. - May 8, 2019) - Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") announces a cease trade order was issued by the Alberta Securities Commission on May 6, 2019 for failure to file its annual financial statements for the year ended December 31, 2018, including the related management discussion and analysis and annual filing certifications (collectively, the "Annual Filings"). The Annual Filings were required to be filed by April 30, 2019. As previously announced, on March 4, 2019 Divestco obtained creditor protection under the Companies' Creditors Arra...
Divestco Announces Closing of Sales Solicitation Process
Calgary, Alberta--(Newsfile Corp. - May 1, 2019) - Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales solicitation process (the "SSP") that commenced marketing on April 1, 2019 and officially closed effective as of 12:00 p.m. MDT today, 2179602 Alberta Ltd. (the "Proposed Purchaser") has emerged as the "Successful Bidder". On March 4, 2019, Divestco announced that it had obtained creditor protection under the CCAA...
Divestco Announces Commencement of Sales Solicitation Process
Calgary, Alberta--(Newsfile Corp. - April 1, 2019) - Further to its announcement of March 27, 2019, Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") announces that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and approval from the Court of Queen's Bench of Alberta of the sales solicitation process (the "SSP"), formal marketing of the Company's assets has been initiated, effective today. Interested parties can visit the Monitor's website () to view the non-confidential teaser letter describing the current opportu...
Divestco Receives Court Approval for Sales Solicitation Process and "S...
Calgary, Alberta--(Newsfile Corp. - March 27, 2019) - Further to its announcement of March 19, 2019, Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") announces that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA"), it has received approval from the Court of Queen's Bench of Alberta to commence its supervised sales solicitation process (the "SSP"), to be carried out by Divestco and its financial advisor Grant Thornton Corporate Finance Inc. ("GTCFI"), and, in connection therewith, its previously announced transaction wi...
Divestco Appoints New Director to its Board of Directors, Enters Into ...
Calgary, Alberta--(Newsfile Corp. - March 19, 2019) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company") is pleased to announce that its Board of Directors has appointed Steve Sinclair-Smith, the Company's current Chief Operating Officer, as a new director of the Company. Mr. Sinclair-Smith has been an integral part of the Divestco team since 2003 and brings to the Board extensive institutional knowledge and experience respecting the day-to-day operations and operational and industry prospects of the Company.Divestco further announces today that, in connection with its creditor protectio...
Divestco Announces Commencement of Proceedings under the Companies' Cr...
Calgary, Alberta--(Newsfile Corp. - February 28, 2019) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company") announces that its Board of Directors has approved the Company's initiation of proceedings at the Court of Queen's Bench of Alberta to seek creditor protection under the Companies' Creditors Arrangement Act (the "CCAA").After careful consideration of all other available alternatives, Divestco's Board of Directors has determined that it is in the best interests of the Company and its stakeholders to apply for creditor protection under the CCAA and has, therefore, instructed Divestco...
Divestco Appoints CFO
Calgary, Alberta--(Newsfile Corp. - December 13, 2018) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company") is pleased to announce the appointment of Ruth Summers as CFO effective December 1, 2018. Ms. Summers brings over 20 years of financial advisory and capital markets experience in a variety of sectors including upstream and midstream oil and gas, power generation, public infrastructure and alternative energy.Ms. Summers was most recently working for a public oil and gas company in treasury and strategy. She has extensive experience in acquisitions and divestitures, capital raising (...
Divestco Reports 2018 Q3 Results
Calgary, Alberta--(Newsfile Corp. - November 29, 2018) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company"), an exploration services company dedicated to providing a comprehensive and integrated portfolio of data, software and services to the oil and gas industry worldwide, today announced its financial and operating results for the three and nine months ended September 30, 2018.Financial HighlightsOverall Performance and Operational ResultsTo view an enhanced version of this graphic, please visit:(1) Includes salaries & benefits, general & administrative expenses and share-b...
Divestco Announces Debt Financing with Certain Directors and Sharehold...
Calgary, Alberta--(Newsfile Corp. - September 27, 2018) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company") announces that it has entered into secured loan agreements (the "Loans"), with Wade Brillon and Marvin Lefebvre, both directors of Divestco, and O Consulting Ltd. (a corporation controlled by Bruce Webster, an existing shareholder of the Corporation) (collectively, the "Lenders") for an aggregate of $2.05 million for the purpose of funding Divestco's immediate working capital needs and general corporate purposes. The Loans have been provided to Divestco without providing 21 days pr...
Divestco Announces Second Closing of Private Placement
Divestco Announces Second Closing of Private Placement CALGARY, Alberta, June 04, 2018 (GLOBE NEWSWIRE) -- (TSX-V:DVT) – Divestco Inc. ("Divestco" or the "Company") is pleased to announce that further to its news releases dated March 6, 2018 and May 3, 2018, Divestco has successfully closed the second tranche of its non-brokered private placement (the "Private Placement") and issued 1,732,500 Class A shares of Divestco (the "Shares") at a price of $0.10 per Share for gross proceeds of $173,250. Divestco intends to complete additional closings in respect of the Private Placement in the com...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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