Petrox Resources Announces Extension of LOI for the Proposed Transaction with Travel Plus International LLC
Calgary, Alberta--(Newsfile Corp. - July 29, 2019) - Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that, further to its news release of April 9, 2019 in which Petrox announced the signing of a non-binding letter of intent on involving an arm's length transaction with Travel Plus International LLC ("Travel Plus") that will result in a reverse take-over of Petrox by the security holders of Travel Plus (the "Transaction"), the deadline to enter into a definitive agreement...
2019-07-29 12:47 PM EDT
Petrox Announces Proposed Transaction with Travel Plus International LLC
Calgary, Alberta--(Newsfile Corp. - April 9, 2019) - Petrox Resources Ltd. (TSXV: PTC) ("Petrox") is pleased to announce that it has signed a non-binding letter of intent (the "LOI") with Travel Plus International LLC, a limited liability company organized under the laws of California ("Travel Plus"). The LOI outlines the general terms and conditions pursuant to which Petrox and Travel Plus would be willing to complete a transaction that will result in a reverse take-over of Petrox by the...
2019-04-09 5:28 PM EDT
Petrox Announces Termination of Amalgamation Agreement with TrueNorth CX Inc.
Calgary, Alberta--(Newsfile Corp. - November 15, 2018) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), announces that it has formally terminated the Amalgamation Agreement among Petrox, True North CX Inc. ("TNCX") and Petrox's wholly-owned subsidiary, 2123054 Alberta Ltd. (the "Agreement"). The Agreement provided that Petrox and TNCX are each entitled to terminate the Agreement by notice in writing to the other party if the conditions precedent to the agreement were not met by September 30,...
2018-11-15 5:04 PM EST
Petrox Announces Expiration Termination Date of Amalgamation Agreement with True North CX Inc.
Calgary, Alberta--(Newsfile Corp. - October 2, 2018) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), announces that the termination date, as defined in the Amalgamation Agreement among Petrox, True North CX Inc. ("TNCX") and Petrox's wholly-owned subsidiary, 2123054 Alberta Ltd. (the "Agreement") providing for the amalgamation of Petrox's and TNCX which was previously announced by Petrox on June 12, 2018, has passed. The Agreement provides that Petrox and TNCX are each entitled to terminate...
2018-10-02 9:30 AM EDT
Petrox Announces Approval of Resolutions in Connection with Proposed Amalgamation with TrueNorth CX Inc.
Calgary, Alberta--(Newsfile Corp. - July 11, 2018) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), is pleased to announced that at the special meeting of the shareholders of Petrox held on July 10, 2018, the shareholders of Petrox approved the 5.5 to one (5.5:1) consolidation of all of the issued and outstanding common shares of Petrox (the "Consolidation"), the delisting of the common shares of Petrox from trading on the TSX Venture Exchange (the "TSXV") (the "Delisting") and have approved...
2018-07-11 9:30 AM EDT
Petrox Resources Executes Amalgamation Agreement with TrueNorth CX Inc.
Calgary, Alberta--(Newsfile Corp. - June 12, 2018) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), announces that today it has entered into an amalgamation agreement (the "Amalgamation Agreement") with TrueNorth CX Inc. ("TNCX") and a wholly-owned subsidiary of Petrox, 2123054 Alberta Ltd. ("Petrox SubCo"). Under the Amalgamation Agreement, TNCX and Petrox Subco will amalgamate to form a new corporation, which will be a wholly owned subsidiary of Petrox (the "Transaction"). The Transaction...
2018-06-12 9:30 AM EDT
Petrox Resources Enters into LOI with TrueNorth CX Inc.
Calgary, Alberta--(Newsfile Corp. - April 25, 2018) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), is pleased to announce that it has entered into a letter agreement with TrueNorth CX Inc. ("TNCX") dated April 25, 2018 (the "LOI") pursuant to which Petrox and TNCX intend to complete a three cornered amalgamation (the "Transaction") whereby Petrox will incorporate a new wholly owned subsidiary which will amalgamate with TNCX to form a new company (the "Resulting Issuer"). Under the terms of...
2018-04-25 1:52 PM EDT
IIROC Trade Resumption - Petrox Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2015) - Trading resumes in: Company: Petrox Resources Corp.
2015-09-02 4:35 PM EDT
Correction from Source: Petrox Resources Announces Extension to the Expiry Date for Proposed Amalgamation
Calgary, Alberta--(Newsfile Corp. - March 31, 2015) - Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that the Amalgamation Agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), which was to have expired on March 31, 2015, has been extended to expire on August 31, 2015, with a proposed closing date of June 30, 2015. Pursuant to the Amalgamation Agreement, it is proposed...
2015-03-31 8:09 PM EDT
Petrox Resources Announces Extension to the Expiry Date for Proposed Amalgamation
Calgary, Alberta--(Newsfile Corp. - March 31, 2015) - Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that the Amalgamation Agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), which was to have expired on March 31, 2015, has been extended to expire on August 31, 2015, with a proposed closing date of June 30, 2015. Pursuant to the Amalgamation Agreement, it is proposed...
2015-03-31 5:26 PM EDT
Petrox Resources Announces Shareholder Approval of Proposed Amalgamation
Calgary, Alberta--(Newsfile Corp. - December 17, 2014) - Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that the proposed amalgamation transaction (the "Amalgamation") with Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), previously announced on July 18, 2014, September 3, 2014 and November 14, 2014, has been approved by the shareholders of Petrox. Pursuant to the Amalgamation Agreement, Petrox will amalgamate with Shanghai Energy Corporation, the...
2014-12-17 6:19 PM EST
Petrox Resources Announces Proposed Amalgamation
Calgary, Alberta--(Newsfile Corp. - November 14, 2014) - Petrox Resources Corp. (TSXV: PTC) ("Petrox"), further to its press releases dated July 18, 2014 and September 3, 2014, is pleased to announce that it has signed an amalgamation agreement dated November 14, 2014 (the "Amalgamation Agreement") with Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), which will form the basis upon which Petrox and Shanghai Energy will combine their businesses (the "Amalgamation"). This is an...
2014-11-14 1:55 PM EST
Petrox Resources Announces the Assignment of LOI for the Proposed Acquisition of the Corporation
Calgary, Alberta--(Newsfile Corp. - September 3, 2014) - Petrox Resources Corp. (TSXV: PTC) (“Petrox”) is pleased to announce that, further to its news release of July 18, 2014 in which Petrox announced that it has entered into a conditional, non-binding letter of intent (the “LOI”) involving an arm’s length business combination (the “Transaction”) with a private entity from the People’s Republic of China, this private entity has now assigned all of its rights and obligations under the LOI to...
2014-09-03 1:35 PM EDT
Petrox Resources Announces the Proposed Acquisition of the Corporation
Calgary, Alberta--(Newsfile Corp. - July 21, 2014) - Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that it has entered into a conditional and non-binding letter of intent which contemplates an arm's length business combination (the "Transaction") with a private entity from the People's Republic of China. It is currently contemplated that the Transaction will involve the acquisition of all of the issued and outstanding common shares of Petrox ("Petrox Shares") at a price...
2014-07-21 2:53 PM EDT
IIROC Trade Halt - Petrox Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2014) - The following issues have been halted by IIROC: Company:
2014-07-21 8:03 AM EDT
IIROC Trade Resumption - Petrox Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2014) - Trading resumes in: Company: Petrox Resources Corp.
2014-07-09 8:20 AM EDT
Petrox Addresses Increased Trading in Its Common Shares and Announces Letter of Intent
Calgary, Alberta--(Newsfile Corp. - July 8, 2014) - Petrox Resources Corp. (TSXV: PTC) (the “Corporation” or “Petrox”) is issuing this press release in response to heightened market activity last week after discussions with the TSXV. Petrox has entered into a highly conditional and non-binding letter of intent pursuant to which the parties have set out the basis upon which they will negotiate exclusively until September 2, 2014 with a view to reaching acceptable terms of a binding agreement...
2014-07-08 4:20 PM EDT
IIROC Trade Halt - Petrox Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2014) - The following issues have been halted by IIROC: Company:
2014-07-03 1:57 PM EDT
Petrox Announces Proposed Acquisition of Producing Properties
Calgary, Alberta--(Newsfile Corp. - March 26, 2014) - Petrox Resources Corp. (TSXV: PTC) (the "Corporation") is pleased to announce that it has entered into a preliminary agreement for the proposed acquisition by the Corporation from an arm's length party of certain oil and gas properties located in Saskatchewan (the "Acquisition"). These properties include six producing wells and associated facilities which had a combined producing oil rate of approximately 40 barrels per day in the year...
2014-03-26 8:15 AM EDT