reports
Toscana Energy and i3 Energy Complete Arrangement
Toscana Energy and i3 Energy Complete Arrangement CALGARY, Alberta, Oct. 30, 2020 (GLOBE NEWSWIRE) -- i3 Energy plc (i3 Energy) (AIM: I3E) and Toscana Energy Income Corporation (Toscana or the Company) (TSX: TEI) are pleased to announce that the previously announced transaction (Transaction) pursuant to which i3 Energy will acquire all of the issued and outstanding shares in the capital of Toscana (Toscana Shares) has been successfully completed. In connection with the Transaction, an aggregate of 4,399,215 ordinary shares in the capital of i3 Energy (i3 Shares) were issued to Toscana sh...
Toscana Energy Announces Receipt of Securityholder Approval and Final ...
Toscana Energy Announces Receipt of Securityholder Approval and Final Court Order Approving the Transaction With i3 Energy plc CALGARY, Alberta, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation (Toscana or the Company) (TSX: TEI) announced that it has obtained a final order from the Court of Queen's Bench of Alberta approving the acquisition of Toscana by i3 Energy plc (i3 Energy) pursuant to an arrangement (the Arrangement) under the Business Corporations Act (Alberta), as previously announced on June 23, 2020. In addition, today Toscana held its...
Toscana Energy Announces Annual and Special Meeting
Toscana Energy Announces Annual and Special Meeting CALGARY, Alberta, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation (Toscana) (TSX: TEI) is pleased to announce that it has scheduled its annual and special meeting for October 27, 2020 at 9:00 a.m. (Calgary time) (the Meeting). As previously announced by Toscana, the Meeting is being called to consider, among other annual matters of business, the previously announced transaction (the Arrangement) with i3 Energy plc (i3 Energy), an AIM-listed oil and gas company, pursuant to which i3 Energy will acquire all of the issu...
Toscana Energy Announces Second Quarter 2020 Results
Toscana Energy Announces Second Quarter 2020 Results CALGARY, Alberta, July 22, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the second quarter ended June 30, 2020. Financial and operating results:This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2020. This news release should not be considered a substitute for reading the...
Toscana Energy Announces First Quarter 2020 Results
Toscana Energy Announces First Quarter 2020 Results CALGARY, Alberta, June 26, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2020. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2020. This news release should not be considered a substitute for reading t...
Toscana Energy Enters Into an Arrangement Agreement With i3 Energy Plc
Toscana Energy Enters Into an Arrangement Agreement With i3 Energy Plc CALGARY, Alberta, June 23, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation (Toscana or the Company) (TSX: TEI) is pleased to announce that i3 Energy plc (i3 Energy), an AIM-listed oil and gas company with assets and operations in the United Kingdom, has elected to exercise the option granted under the previously announced option agreement dated March 29, 2020 between i3 Energy and Toscana, and pursuant thereto, the Company has entered into an arrangement agreement (the Arrangement Agreement) with i3 Energy u...
Toscana Energy Provides Further Update on Continuous Disclosure Filing...
Toscana Energy Provides Further Update on Continuous Disclosure Filings CALGARY, Alberta, June 17, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that, further to its May 14, 2020 news release, Toscana will be postponing its reporting of the Corporation’s first quarter financial statements, accompanying management's discussion and analysis, and related certifications for the period ended March 31, 2020 (the "Q1 Filings"), to June 26, 2020. This news release is being issued in accordance to the blanket relief of a 45-day ...
Toscana Energy Provides Update on Continuous Disclosure Filings
Toscana Energy Provides Update on Continuous Disclosure Filings CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that it intends to rely on exemptive relief granted by the Canadian securities regulatory authorities that allows issuers to delay the filing of its interim financial report for the interim period ended March 31, 2020 as required by section 4.4 of National Instrument 51-102 and related management's discussion & analysis as required by subsection 5.1(2) of National Instrument 51-102 (collec...
TOSCANA ENERGY ENTERS INTO AN OPTION AGREEMENT WITH i3 ENERGY PLC, AN...
TOSCANA ENERGY ENTERS INTO AN OPTION AGREEMENT WITH i3 ENERGY PLC, AND ANNOUNCES THE ASSIGNMENT OF ITS SENIOR BANK DEBT AND SUBORDINATED NOTE AND THE RELEASE OF ITS FOURTH QUARTER AND YEAR END 2019 RESULTS CALGARY, Alberta, March 30, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Company") (TSX:TEI) is pleased to announce that the Company has entered into an option agreement (the "Option Agreement") with i3 Energy plc ("i3 Energy"), an AIM-listed oil and gas company with assets and operations in the United Kingdom, which, if exercised by i3 Energy in accord...
Toscana Energy Announces 2019 Reserves
Toscana Energy Announces 2019 Reserves CALGARY, Alberta, March 13, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX: TEI) announces the Corporation’s 2019 year-end reserves. 2019 Reserves Highlights Proved Developed Producing reserves represent 60% of Proved Reserves.Proved reserves represent 75% of Proved plus Probable Reserves. Corporate Reserves: The reserves data set forth below is based upon independent reserve assessments and evaluations prepared by Sproule Associates Limited (“Sproule”) dated February 28, 2020 with an effectiv...
Toscana Energy Initiates Formal Strategic Alternatives Process
Toscana Energy Initiates Formal Strategic Alternatives Process CALGARY, Alberta, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that the Board of Directors (the “Board“) of the Corporation is undertaking a formal process to identify, examine and consider the strategic alternatives available to the Corporation to maximize value for shareholders. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, a disposition of all or a portion of the Corporation...
Toscana Energy Announces Third Quarter 2019 Results
Toscana Energy Announces Third Quarter 2019 Results CALGARY, Alberta, Nov. 08, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the third quarter ended September 30, 2019. Financial and operating results:This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2019. This news release should not be considered a substitute for re...
Toscana Announces Resignation of Director
Toscana Announces Resignation of Director CALGARY, Alberta, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that Mr. Don Copeland, Chairman of Toscana’s Board of Directors (the “Chairman”) is stepping down as Chairman and a member of the Board effective September 30, 2019 (the "Effective Date"). On behalf of the Board, Mr. Joseph Durante, Executive Director, commented: “Mr. Copeland has served on the Toscana Board since inception in 2010. Over this time, he made many contributions to Toscana, drawing on a wealth o...
Toscana Announces Management Changes
Toscana Announces Management Changes CALGARY, Alberta, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that Mr. Joseph S. Durante, the Corporation’s Chief Executive Officer, has stepped down from managing day-to-day operations and will take on a new role as Executive Director effective August 27, 2019 (the "Effective Date"). Replacing Mr. Durante as of the Effective Date will be Mr. Ryan Heath. For over 20 years Mr. Heath has enjoyed successfully building junior oil and gas companies in the WCSB. Most recently, h...
Toscana Energy Announces Second Quarter 2019 Results
Toscana Energy Announces Second Quarter 2019 Results CALGARY, Alberta, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the second quarter ended June 30, 2019. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2019. This news release should not be considered a substitute for reading t...
Toscana Energy Completes Renewal of its Credit Facilities
Toscana Energy Completes Renewal of its Credit Facilities CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) is pleased to announce that it has renewed its revolving operating credit facility with its Senior Lender at the existing level of $25 million. The terms of the amended credit facilities remain unchanged with the exception of additional compliance, consent and reporting requirements relating to Toscana’s provincial liability management rating and decommissioning obligation. In light of the recent Supre...
Toscana Energy Announces First Quarter 2019 Results
Toscana Energy Announces First Quarter 2019 Results CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2019. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2019. This news release should not be considered a substitute for reading the full d...
Toscana Announces Redemption of Outstanding Convertible Debentures
Toscana Announces Redemption of Outstanding Convertible Debentures CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX:TEI) today reported that it has completed its previously announced transaction (the “Transaction”) to redeem in full the CAD$19,975,000 principal amount of outstanding 7.25% convertible unsecured subordinated debentures (the “Debentures”) due June 30, 2021, after accounting for the conversion of CAD$25,000 principal amount of Debentures prior to the closing of the Transaction, in exchange for the issua...
Toscana Energy Reports Successful Voting Results of Extraordinary Meet...
Toscana Energy Reports Successful Voting Results of Extraordinary Meeting of Debentureholders CALGARY, Alberta, May 10, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) held its extraordinary meeting (the "Meeting") of holders ("Debentureholders") of 7.25% convertible unsecured subordinated debentures of Toscana Energy due June 30, 2021 ("Debentures") on May 10, 2019 in Calgary, Alberta. An aggregate of $6,352,000 principal amount of Debentures, representing approximately 31.76% of the issued and outstanding Debentures, were repres...
Toscana Energy Reports Voting Results of Annual and Special Meeting of...
Toscana Energy Reports Voting Results of Annual and Special Meeting of Shareholders CALGARY, Alberta, May 10, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) held its annual and special meeting of shareholders (the "Meeting") on May 10, 2019 in Calgary, Alberta. A total of 1,612,556 common shares ("Common Shares") of the Company, representing approximately 22.51% of the issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. In accordance with section 11.3 of National Instrument 51-102 – Conti...
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