reports
DXI Capital Completes Debt Settlements
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) - DXI Capital Corp. (TSXV: DXI.H) ("DXI" or the "Company"), further to the Company's news release dated September 29, 2020, the Company announces that it has issued 8,980,638 shares at a deemed price of $0.475 per share to settle a total of $4,265,803.05 in debt owed to various creditors. The shares are subject to a statutory hold period expiring on February 23, 2021.A remaining amount of $216,622.33 in debt owed to two former officers of the Company will be settled by issuing 456,047 shares at a deemed price of $0.475 per shar...
DXI Capital Announces Debt Settlements
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - DXI Capital Corp. (TSXV: DXI.H) ("DXI" or the "Company"), has arranged a debt settlement of $4,482,426.77 in debt owed to various creditors (collectively the "Debts"). The Debts include the amount of $2,057,939.89 owing to Hodgkinson Equities Corp. ("HEC"), a private company owned by Robert Hodgkinson, the CEO and a director of the Company, and $2,057,939.89 owing to Hodgkinson Ventures Inc. ("HVI"), a private company owned by Charles Hodgkinson, Robert's brother. The amounts owed to HEC and HVI Ventures Inc. represent long ...
DXI Establishes Date of Share Consolidation and Change of Name
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - DXI Energy Inc. (NEX: DXI.H) ("DXI" or the "Company") announces that the name change to "DXI Capital Corp.", and consolidation of its common share capital, on the basis of one hundred (100) issued common shares for one (1) new common share, will be effective following the close of trading on September 10, 2020. No fractional shares are to be issued and any fraction will be reduced to the nearest lower whole share. The name change and share consolidation has been accepted by NEX and approved by the Company's directors and sh...
DXI Energy Inc. Receives Notice of Demand and Seizure of US Subsidiary...
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2020) - DXI Energy Inc. (TSXV: DXI.H) ("DXI" or the "Company"), further to the Company's announcement on April 7, 2020 to discontinue operations in the oil and gas exploration and development industry, the Company received a notice of demand from Hodgkinson Ventures Inc. ("HVI") for repayment of the Company's indebtedness to HVI pursuant to the terms of an Amended and Restated Loan Agreement dated as of June 5, 2017 in the principal sum of $2,000,000, plus all accrued interest, failing which after HVI was at liberty to realize upon its...
DXI to Migrate its Listing from the Toronto Stock Exchange To NEX
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2020) - DXI Energy Inc. (TSX: DXI) ("DXI" or the "Company") is pleased to announce that it has received approval to list the common shares of the Company on NEX ("NEX") having met the customary listing requirements of NEX, including the filing of all required documentation. The Company's common shares will be voluntarily delisted from the Toronto Stock Exchange ("TSX") effective at the close of trading on July 31, 2020 and begin trading on NEX on August 4, 2020.The decision to voluntarily delist the Company's common shares from the TSX a...
DXI Reports Q1 2020 Results
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2020) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin, today announced its financial results for the three month period ended March 31, 2020.Q1 2020 Key Financial and Operating Highlights are:Completed the conversion of $131,000 in accrued interest on the secured convertible debt into 4,430,136 common shares of the Company; andReduced financing expenses by 47% to $148,000 from $278,000 for the comparative period ended M...
DXI Energy Inc. Deals 100% of DEAL to Tobinsnet
Appoints CEO and New CFOVancouver, British Columbia--(Newsfile Corp. - June 4, 2020) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and natural gas exploration and production company, historically operating projects in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced that the it has completed the sale of its wholly-owned Canadian subsidiary, Dejour Energy (Alberta) Ltd. ("DEAL"), which includes all corporate assets in the Peace River Arch region of British Columbia.All the issued and outstanding shares of DEA...
DXI Reports Q4 and Fiscal 2019 Results
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its financial results for the three and twelve months ended December 31, 2019. 2019 Key Financial and Operating Highlights are: Raised gross proceeds of $3,293,000 in equity under challenging market conditions, allowing the Company to develop additional natural gas reserves at Woodrush...
DXI Energy to Exit the Hydrocarbon Energy Business
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2020) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin and the Peace River Arch region in British Columbia today announced that its Board of Directors has decided the Company needs to exit the energy space immediately, given current affairs beyond the Company's control. The 99% owned Woodrush multi well production facility, owned by a wholly-owned subsidiary, has been formally shut in. The asset is to be...
DXI Energy Completes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2020) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin and the Peace River Arch region in British Columbia today announced that it has issued 2,215,068 shares to each of Hodgkinson Equities Corporation ("HEC") and Hodgkinson Ventures Inc. ("HVI"), for a total of 4,430,136 shares following receipt of all final private placement approvals from the appropriate Canadian regulatory authorities. HEC and HVI ...
DXI Closes Gross Proceeds of C$959,832 in Brokered Equity Financing at...
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - DXI Energy Inc. (TSX: DXI.TO) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin and the Peace River Arch region in British Columbia today announced that it closed a brokered private placement with gross proceeds of C$959,832 (net proceeds of C$944,184) by way of the issuance of 31,994,400 Units at C$0.03 per Unit. Each Unit consists of one (1) common share (a "Share") and one full common share purchase warrant (a "Warrant"...
DXI Energy Inc. Receives Consent of Shareholders to Complete Unit Offe...
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), is pleased to announce that in connection with a Unit Offering (the "Offering") in progress and in accordance with the Toronto Stock Exchange ("TSX") rules, the Company obtained the approval, by way of written consent, from its shareholders, which currently holds 114,765,669 shares representing 53% of the issued and outstanding shares of the Company, on a non-diluted basis, to issue greater than 25% of the current issued and outstanding number of shares of 216,...
DXI Reports Q3 2019 Results
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its financial results for the three and nine month periods ended September 30, 2019.Q3 2019 Key Financial and Operating Highlights are:Reduced G&A expenses by 27% to $211,000 from $290,000 for the comparative period ended September 30, 2018;Reduced financing expenses by 40% to $153,000 from $254,...
DXI Energy Provides Strategic Update - Plans Transition to Midstream M...
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration company operating in the Peace River Arch region in British Columbia, today announced plans to convert its oil and natural gas processing facility at Woodrush, approximately 120 kilometres north of Ft. St. John, to facilitate scalable production of methanol, initially targeting a potential of 16,000 gallons of methanol per day commencing in August 2020.Under the direction of new Chairman, President, and CEO, Simon Raven of ...
DXI Reports Q2 2019 Results
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its financial results for the three and six month periods ended June 30, 2019.Q2 2019 Key Financial and Operating Highlights are: Raised gross proceeds of $350,000 in equity under challenging market conditions, allowing the Company to support the ongoing development of its Drake/Woodrush properties...
DXI Completes $350,140 Private Placement of Shares
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announces the Company has closed a private placement of 5,835,667 shares at $0.06 per share for gross and net proceeds of $350,140. The private placement was previously announced on June 13, 2019 and is subject to the final approval of the TSX and the appropriate Canadian regulatory authoritie...
DXI Energy Appoints Simon Raven as President and CEO and Chairman of t...
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced changes to the Company's management team, including the appointment of experienced oil and gas industry executive Simon Raven to the roles of President and Chief Executive Officer, and Chairman of the Board of Directors.MANAGEMENT CHANGESCurrent president Sean Sullivan states: "I was appointed President of the Comp...
DXI Reports Q1 2019 Results
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its financial results for the three month period ended March 31, 2019.Q1 2019 Key Financial and Operating Highlights are:Raised gross proceeds of $1,983,000 in equity, of which $1,929,000 is cash, under challenging market conditions, allowing the Company to support the ongoing development of its Drake/...
Press Release for "Early Warning Report" Regarding DXI Energy Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2019) - Robert L. Hodgkinson of #520, 999 Canada Place, Vancouver, British Columbia V6C 3E1 wishes to announce that Hodgkinson Equities Corp. ("HEC"), a 100% owned and controlled private company, today acquired ownership of 60,391,381 Common Shares (the each a "Common Share") of DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company") pursuant to a private placement offering. DXI is an upstream oil and natural gas exploration and production company with operations in Colorado, USA and the Peace River Arch Region of British Columbi...
DXI Energy Provides AGSM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2019) - DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced the results of its Annual General and Special Meeting of Shareholders held on April 29, 2019 at the Company's Vancouver office. The following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote: Description of MatterOutcome of VoteVotes ForV...
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