Silk Energy Limited Announces Cease Trade Order Issued by the Ontario Securities Commission
Toronto, Ontario--(Newsfile Corp. - May 10, 2022) - Silk Energy Limited ("Silk" or the "Company") announces today that the Company has been issued a cease trade order ("CTO") by the Ontario Securities Commission ("OSC") for not filing the following periodic disclosure documents (collectively "Annual Filings") by the filing deadline of April 30, 2022: audited annual financial statements for the year ended December 31, 2021;management's discussion and analysis relating to the audited annual financial statements for the year ended December 31,...
2022-05-10 9:38 PM EDT
Silk Energy Limited Announces Closing of $18.725 Million Financing, Completion of Audit to Be Delayed
Toronto, Ontario--(Newsfile Corp. - May 3, 2022) - Silk Energy Limited ("Silk" or the "Company") is pleased to announce that it has closed a private placement offering (the "Offering") raising $18,725,000 by issuing 53,500,000 common shares at a price of $0.35 per common share. The Offering was a component of the financing arrangements with Bowview B Pte Ltd. ("Bowview") referred to in Silk's news release of April 6, 2022. This Offering was originally proposed to be completed in three...
2022-05-03 9:55 PM EDT
Silk Energy Limited Receives CSE Conditional Listing Approval
Toronto, Ontario--(Newsfile Corp. - April 6, 2022) - Silk Energy Limited (the "Company") is pleased to announce that it has received conditional approval from the Canadian Securities Exchange (the "CSE") for listing of the common shares of the Company (the "Common Shares"). The listing is subject to satisfaction of the following conditions: Delivery to the CSE of an updated legal opinion from the Company's legal counsel in Kazakhstan confirming that the LLP, in which the Company has an indirect 50%...
2022-04-06 2:40 PM EDT
Silk Energy Announces Filing Annual Financial Statements and Changes to the Board of Directors
Toronto, Ontario--(Newsfile Corp. - April 30, 2021) - Silk Energy Limited (the "Company") announces the filing of its audited annual financial statements, MD&A and related CEO and CFO certificates for its financial year-ended December 31, 2020. These documents can be found under the Company's SEDAR profile at www.sedar.com. The Company is also pleased to announce that Rashit Makhat has been appointed as a director of the Company effective as of January 21, 2021. Mr. Makhat brings a wealth of experience...
2021-04-30 8:23 PM EDT
Silk Energy Finalizes Acquisition and Restructures Debt
Toronto, Ontario--(Newsfile Corp. - March 17, 2021) - Silk Energy Limited (the "Company") is pleased to announce it has completed its acquisition of the ownership of UnionField Group ("UnionField") by the Company's wholly-owned Norwegian subsidiary, Silk Energy AS ("Silk AS") and substantially restructured the US $21 million convertible debenture that was issued to Right Way Ltd (the "Vendor") of UnionField.BackgroundSilk Energy Limited is a Canadian resource company focused on the identification and exploration of oil and gas assets in Kazakhstan...
2021-03-17 9:16 PM EDT
Silk Energy Announces Updates on Private Placement and Annual and Special Meeting
Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - Silk Energy Limited (the "Company") is pleased to announce that it has closed a $264,000 private placement as well as a $390,000 private placement (the "Offerings"). The Offerings closed from the issuance of 1,760,000 units and 2,600,000 units (the "Units") respectively, at the price of $0.15 per Unit. Each Unit consists of one common share and one-half (1/2) of a common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to...
2021-01-22 9:52 PM EST
Silk Energy Update on Interim Financial Statements for the Period Ended June 30, 2020 And MD&A Filing
Toronto, Ontario--(Newsfile Corp. - August 31, 2020) - Silk Energy Limited (the "Company") announces that due to delays caused by the COVID-19 crisis, it continues to rely on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission to postpone the filing of its interim financial statements for the quarter ended March 31, 2020, as required by section 4.4 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") and...
2020-08-31 4:10 PM EDT
Silk Energy Obtains Approval from the Ministry of Energy of the Republic of Kazakhstan
Toronto, Ontario--(Newsfile Corp. - August 31, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") is pleased to announce it has received approval from the Ministry of Energy of the Republic of Kazakhstan (the "Government Approval") for the transfer of ownership of UnionField Group ("UnionField") to the Company's wholly-owned Norwegian subsidiary, Silk Energy AS ("Silk AS").The Government Approval was received following delays caused by the global pandemic related to COVID-19 that resulted also in a State of Emergency being declared...
2020-08-31 11:10 AM EDT
Silk Energy Corrects Disclosure re Certain Warrants
Toronto, Ontario--(Newsfile Corp. - July 22, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") announces corrections to the Company's news release dated April 27, 2020 (the "April 2020 News Release"). In the April 2020 News Release, the Company announced that it may issue units to brokers and agents who acted as finders of subscribers for the Company's private placement of convertible debentures and private placement of units (the "Finders"). On April 29, 2020, the Company granted...
2020-07-22 9:17 PM EDT
Silk Energy Update on Interim Financial Statements for the Period Ended March 31, 2020 and MD&A Filing
Toronto, Ontario--(Newsfile Corp. - July 3, 2020) - Silk Energy Limited (the "Company") announces that due to delays caused by the COVID-19 crisis, it continues to rely on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission to postpone the filing of its interim financial statements for the quarter ended March 31, 2020, as required by section 4.4 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102")...
2020-07-03 7:18 PM EDT
Silk Energy Announces Filing Annual Financial Statements and Changes to the Board of Directors
Toronto, Ontario--(Newsfile Corp. - June 15, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") announces the filing of its audited annual financial statements, MD&A and related CEO and CFO certificates for its financial year-ended December 31, 2019. These documents can be found under the Company's SEDAR profile at www.sedar.com. The Company also announces the resignation of director Charles De Chezelles, effective June 11, 2020.The Company wishes to thank Mr. De Chezelles for his contributions to the Company...
2020-06-15 8:27 PM EDT
Silk Energy Update on Interim Financial Statements for the Period Ended March 31, 2020 and MD&A Filing
Toronto, Ontario--(Newsfile Corp. - June 5, 2020) - Silk Energy Limited (the "Company") announces that due to delays caused by the COVID-19 crisis, it is relying on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission to postpone the filing of its interim financial statements for the quarter ended March 31, 2020, as required by section 4.4 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") and...
2020-06-05 10:17 AM EDT
Silk Energy Provides Omnibus Update Regarding Ustyurt Property Financing Arrangements
Toronto, Ontario--(Newsfile Corp. - April 27, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") is pleased to report it has entered into revised agreements concerning its interest in the Ustyurt Property and its financing arrangements.BackgroundThe Company's business is to explore for oil and gas on the Ustyurt Property in the Republic of Kazakhstan, through the Company's wholly-owned Norwegian subsidiary, Silk Energy AS ("Silk AS"). The Kazakh government has granted an exploration license to a Kazakh limited liability partnership (the...
2020-04-27 8:42 AM EDT
Silk Energy Update on 2019 Annual Financial Statements and MD&A Filing
Toronto, Ontario--(Newsfile Corp. - April 26, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") announces that due to delays caused by the COVID-19 crisis, it is relying on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission to postpone the filing of its annual audited financial statements for the year ended December 31, 2019, as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"),...
2020-04-26 7:50 PM EDT
Silk Energy Announces Closing of Private Placement of Convertible Debentures and Corrects Prior News Release
Toronto, Ontario--(Newsfile Corp. - January 30, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") is pleased to announce that it has closed two tranches of its previously announced private placement offering of convertible debentures (the "Convertible Debentures"). To correct and clarify the Company's news release of December 11, 2019, the Offering of Convertible Debentures is additional to, and separate from, the Company's ongoing offering of up to $2,000,000 of units.The Company intends to raise up to USD $2 million from...
2020-01-30 4:28 PM EST
Silk Energy Announces Changes to the Board of Directors
Toronto, Ontario--(Newsfile Corp. - January 10, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") announces the resignations of directors Jay Vieira and Herb Brugh, effective January 10th, 2020. The Company wishes to thank Messieurs Vieira and Brugh for their contributions to the Company and wishes them success in their future endeavours. New Directors The Company is pleased to announce that Bryan Emslie has been appointed as a director of the Company effective as of January 10th, 2020. ...
2020-01-10 2:53 PM EST
Silk Energy Provides CSE Listing Update, Operational Update and Announces Expanded Financing
Toronto, Ontario--(Newsfile Corp. - December 11, 2019) - Silk Energy Limited (CSE: SILK) (the "Company") is pleased to provide an update with respect to its CSE listing application, its operations in Kazakhstan and its financing strategies. Conditional Listing Approval On December 9, 2019 the Company was issued a revised conditional approval letter (the "New Conditional Approval") by the Canadian Securities Exchange ("CSE") in respect of the Company's application for listing on the CSE. The revised conditional approval letter replaces...
2019-12-11 8:58 PM EST
Silk Energy Update - Private Placement
Toronto, Ontario--(Newsfile Corp. - October 7, 2019) - SILK ENERGY LIMITED (CSE: SILK) (the "Company") is pleased to announce that it has closed on $446,247.45 of its $2.0 million non-brokered Private Placement (the "Offering"). The Offering is fully subscribed and the Company expects to close on the balance shortly. The $446,247.45 closed from the issuance of 2,974,983 units (the "Units") at the price of $0.15 per Unit. Each Unit consists of one common share and one-half (1/2) of a common...
2019-10-07 4:10 PM EDT
Silk Energy Update - Completion of Reverse Take-Over
Toronto, Ontario--(Newsfile Corp. - September 5, 2019) - Further to its news release on July 10, 2019, SILK ENERGY LIMITED (CSE: SILK) (formerly Inspiration Mining Corporation) (the "Company") is pleased to announce the completion, effective on September 3, 2019, of its previously announced transaction with Silk Energy A.S. ("Silk Energy"), whereby the Company has acquired all of the issued and outstanding shares of Silk Energy by way of a reverse take-over (the "RTO"). Reverse Take-OverThe RTO was effected by...
2019-09-05 1:34 PM EDT
Inspiration Increases Private Placement
Toronto, Ontario--(Newsfile Corp. - January 30, 2018) - Inspiration Mining Corporation (CSE: ISM) (the "Corporation") is pleased to announce that, subject to regulatory approval, it has amended the terms of its non-brokered private placement previously announced in its press release dated January 10, 2018. The Corporation has increased the number of Units from 7,000,000 to 8,500,000 Units a price of $0.10 per Unit for gross proceeds of up to $850,000.Each Unit is comprised of one (1) common share and one...
2018-01-30 8:00 AM EST