reports
Raise Production Inc. and Cleantek Industries Inc. Announce Business C...
Raise Production Inc. and Cleantek Industries Inc. Announce Business Combination and $10.0 Million Equity Financing NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, July 12, 2021 (GLOBE NEWSWIRE) -- Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") and Cleantek Industries Inc. ("Cleantek") are pleased to announce that they have entered into an arrangement agreement dated July 12, 2021 whereby Raise and Cleantek will complete a bu...
Raise Production Inc. Announces First Quarter Results and Provides Ope...
Calgary, Alberta--(Newsfile Corp. - May 27, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") has released its financial results for the quarter ended March 31, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Raise's financial statements and management's discussion and analysis for the quarter ended March 31, 2021, which are available on SEDAR at .HIGHLIGHTS FOR THE QUARTER The Company negotiated an exclusive license agreement with Q2 Artificial Lift Services ("Q2 ALS") for the manufacturing, sales and service of...
Raise Production Inc. Announces Annual Results and Provides Operations...
Calgary, Alberta--(Newsfile Corp. - April 28, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") has released its financial results for the year ended December 31, 2020. Selected financial and operational information is outlined below and should be read in conjunction with Raise's audited financial statements and management's discussion and analysis for the year ended December 31, 2020, which are available on SEDAR at and the Company's website at . PRESIDENT'S UPDATEThe Company is providing an update to its shareholders on its financial results and recent activities related...
Raise Production Inc. Announces Closing of Shares for Debt Transaction...
Calgary, Alberta--(Newsfile Corp. - April 20, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") announces the completion of its previously announced shares for debt transactions pursuant to which an aggregate of $2,334,027 in indebtedness, representing all of the principal amount and interest payable in respect of the secured convertible debentures of the Company (the "Debentures"), was settled through the issuance of 58,350,688 common shares in the capital of the Company ("Shares") to the holders of the Debentures at a deemed price of $0.04 per Share (the "Debt Settlements...
Raise Production Inc. Announces Shares for Debt Transactions
Calgary, Alberta--(Newsfile Corp. - April 5, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") announces that it has entered into shares for debt agreements (the "Shares for Debt Agreements") with certain creditors of the Company (the "Creditors"), the holders of its secured convertible debentures (the "Debentures") in respect of certain amounts owing, including all of the principal amount and interest due on the Debentures (collectively, the "Debt Settlements"). The Debt Settlements will result in Raise issuing common shares in the capital of the Company ("Shares") at a dee...
Raise Production Inc. Provides Operations Update
Calgary, Alberta--(Newsfile Corp. - March 22, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") provides an update on recent activities related to its operations. The Company's revenue for the year ended December 31, 2020 is down 45% from the prior year and full HARPTM pump sales are down 70% year over year. Over the past year, it was necessary for the Company to complete significant cost reductions, as stated in its previous press releases, and obtain government assistance through the Canada Emergency Wage Subsidy ("CEWS") and Canada Emergency Rent Subsidy ("CERS") in order...
Raise Production Inc. Announces Postponement of Annual General Meeting
Calgary, Alberta--(Newsfile Corp. - February 12, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company"), in consultation with its Board of Directors, has decided to postpone the Annual General Meeting of Shareholders ("AGM"), currently scheduled on February 18, 2021. The new meeting date will be announced at a later date. The Company will also file the updated AGM information on SEDAR () under its profile, including the Management Information Circular, at that time.About Raise Production Inc.The Company is a technologically driven and innovative oilfield service company that fo...
Raise Production Inc. Announces Closing of Shares for Debt Transaction...
Calgary, Alberta--(Newsfile Corp. - January 15, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") announces that following its news release of December 31, 2020, it has received approval of the TSX Venture Exchange for shares for debt transactions to settle an aggregate of $62,108 in indebtedness to certain creditors of the Company, through the issuance of 1,774,502 common shares in the capital of the Company ("Shares") at a deemed price of $0.035 per Share (the "Debt Settlements"). The Shares are subject to a statutory hold period of four months and a day. Certain of the cr...
Raise Production Inc. Announces New Director
Calgary, Alberta--(Newsfile Corp. - January 13, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") is pleased to announce the addition of Mr. Sarosh Nanavati to its Board of Directors, subject to regulatory approval. Mr. Nanavati is an experienced capital markets professional with over 30 years in the financial sector, at a variety of firms including UBS Global Asset Management, Sun Life of Canada, HSBC, Scheer Rowlett & Associates, Wellington West Capital Markets and UBS Securities. He has held a number of diverse and challenging positions including Equity Portfolio Manager,...
Raise Production Inc. Announces Shares for Debt Transactions
Calgary, Alberta--(Newsfile Corp. - December 31, 2020) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") announces that it has entered into shares for debt agreements (the "Shares for Debt Agreements") with certain of the holders (the "Creditors") of its secured convertible debentures (the "Debentures") in connection with the December 31, 2020 interest payment due on the Debentures (the "Debt Settlements"). The Debt Settlements will result in Raise issuing common shares in the capital of the Company ("Shares") at a deemed price of $0.035 per share, in full and final satisfaction o...
Raise Production Inc. Announces Third Quarter Results and Provides Ope...
Calgary, Alberta--(Newsfile Corp. - November 24, 2020) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") has released its financial results for the three and nine months ended September 30, 2020. Selected financial and operational information is outlined below and should be read in conjunction with Raise's unaudited condensed interim financial statements and management's discussion and analysis for the period ended September 30, 2020 which are available on SEDAR at .HIGHLIGHTS FOR THE QUARTERThe Company entered into an exclusive distribution agreement with Q2 Artificial Lift Serv...
Raise Production Inc. Announces North American Marketing and Distribut...
Calgary, Alberta--(Newsfile Corp. - September 30, 2020) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") is pleased to announce it has entered into an agreement with Q2 Artificial Lift Services ("Q2 ALS") to be the exclusive distributor for North America. Raise has three unique systems that can be used independently or in combination in horizontal wellbores:the High Angle Reciprocating Pump ("HARPTM"); the Raise Efficient Artificial Lift ("REALTM") Horizontal Separator the Horizontal Artificial Recovery Technology ("HARTTM"). The Company has entered into an exclusive distribution...
Raise Production Inc. Announces First Quarter Results and Provides Ope...
Calgary, Alberta--(Newsfile Corp. - May 28, 2020) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") has released its financial results for the three months ended March 31, 2020. PRESIDENT'S UPDATEThe Company is pleased to provide an update to its shareholders on its financial results and recent activities related to its operations. The Company has three systems that can be used independently or in combination in horizontal wellbores:the High Angle Reciprocating Pump ("HARPTM"); the Raise Efficient Artificial Lift ("REALTM") Horizontal Separator he Horizontal Artificial Recovery T...
Raise Production Inc. Announces Annual Results and Provides Operations...
Calgary, Alberta--(Newsfile Corp. - April 28, 2020) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") has released its financial results for the year ended December 31, 2019.HIGHLIGHTS FOR THE YEARThe Company continues to steadily grow its foot print with the HARPTM technology in Canada as its customer base and installs continue to expand.The first REALTM system was installed in a Cardium wellbore and continues to perform well.Revenue earned on the sales of the Company's HARPTM increased 229% for the year ended December 31, 2019 compared to the year ended December 31, 2018.The Com...
Raise Production Inc. Provides Corporate Update
Calgary, Alberta--(Newsfile Corp. - April 6, 2020) - April 6, 2020 - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") is providing the following corporate update to its shareholders in regards to the Covid-19 pandemic and decline in oil prices. As the Company's customer base has begun reducing capital and operating expenditures and to keep its employees as safe as possible during the global Covid-19 pandemic, the Company has taken decisive action over the last two weeks to preserve its cash position while maintaining its ability to effectively service and supply its customers.As R...
Raise Production Inc. Announces Initiation of Strategic Process
Calgary, Alberta--(Newsfile Corp. - January 23, 2020) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") announces that it has initiated a formal strategic process to identify, review and evaluate a broad range of potential strategic alternatives available to it with a view to enhancing shareholder value.Raise's board of directors has determined it is timely, prudent and in the best interests of the Company and its stakeholders to commence a formal process to explore strategic alternatives. The Company believes that the current trading price of its common shares does not reflect t...
Raise Production Inc. Announces Election of Directors
Calgary, Alberta--(Newsfile Corp. - November 22, 2019) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") is pleased to announce the results from its 2019 Annual General Meeting ("AGM"). At the meeting, the following resolutions were approved by the shareholders:the number of directors was fixed at seven; the following individuals were elected to serve as board members until the next annual election of directors: Messrs. Dell Chapman, Thomas Kehoe, Eric Laing (President & CEO), Rick McHardy (Chairman), Dan Newman, Al Stark and Ken Zinger; Ernst & Young LLP was appointed as the Com...
Raise Production Inc. Announces Third Quarter Results and Provides Ope...
Calgary, Alberta--(Newsfile Corp. - November 21, 2019) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") has released its financial results for the three and nine months ended September 30, 2019.HIGHLIGHTS FOR THE QUARTER The Company closed a $900,000 private placement of secured convertible debentures and acquired the shares of a private consulting company which held $300,000 in cash, for $1,400,000 in secured convertible debentures, resulting in a total of $1,200,000 in cash being injected into the Company on September 30, 2019. As part of the acquisition, Richard McHardy and Al...
Raise Production Inc. Announces Closing of Private Placement and Acqui...
Calgary, Alberta--(Newsfile Corp. - September 30, 2019) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") is pleased to announce that it has closed its previously announced private placement (the "Private Placement") of secured convertible debentures of the Company (the "Debentures"). The Private Placement consisted of approximately $900,000 principal amount of Debentures. The Debentures have a coupon of 6.00% per annum, and are convertible into units of the Company (each, a "Unit") at a conversion price of $0.11 per Unit. The Debentures will mature and be repayable three years f...
Raise Production Inc. Announces Upsize of Private Placement
Calgary, Alberta--(Newsfile Corp. - September 17, 2019) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") is pleased to announce that it is increasing the size of the private placement (the "Private Placement") of debentures of the Company ("Debentures") announced on September 4, 2019 from $700,000 to $900,000. The increase in the Private Placement is to accommodate participation by existing shareholders and non-insiders of the Company in the offering. The Debentures will have a coupon of 6.00% per annum, and will be convertible into units of the Company (each, a "Unit") at a con...
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