Bengal Energy Ltd.

Recent News

  • Bengal Announces Latest Corporate Presentation

    Calgary, Alberta--(Newsfile Corp. - April 21, 2021) - Bengal Energy Ltd. (TSX: BNG) (the "Company") is pleased to announce our latest Corporate Presentation, which can be viewed through the following link: https://bengalenergy.ca/wp-content/uploads/2021/04/Bengal-Energy-Management-Presentation-2021.04.21.pdfAbout BengalBengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal's common shares trade on the TSX under the symbol "BNG". Additional information is available at...

    2021-04-21 6:07 PM EDT
  • Bengal Announces Stock Option Grant

    Calgary, Alberta--(Newsfile Corp. - March 22, 2021) - Bengal Energy Ltd. (TSX: BNG) (the "Company") announces that it has issued an aggregate of 11,340,000 options to purchase common shares of the Company pursuant to its Stock Option Plan. The options were granted on March 19, 2021 to employees, officers and directors of the Company and have an exercise price of $0.08/share, being the closing price of the Company's common shares on the TSX on that date. The options...

    2021-03-22 7:00 AM EDT
  • Bengal Announces Executive Changes

    Calgary, Alberta--(Newsfile Corp. - March 5, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") announces that Mr. Matt Moorman has tendered his resignation as Chief Financial Officer of Bengal, effective March 4, 2021, to pursue other opportunities."We appreciate Matt's contributions to our Company and we wish him the best in his future endeavours," said Chayan Chakrabarty, President and Chief Executive Officer of Bengal.With the departure of Mr. Moorman, Bengal has appointed Mr. Jerrad Blanchard as Chief Financial...

    2021-03-05 7:00 AM EST
  • Bengal Energy Announces Closing of Private Placement and Debt Settlement

    Calgary, Alberta--(Newsfile Corp. - February 26, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement ("Private Placement") of common shares in the capital of the Company ("Common Shares") to Texada Capital Management Ltd. ("Texada"). Bengal is also pleased to announce the closing of the transactions contemplated by the debt settlement agreement (the "Debt Settlement") with its senior secured lender Westpac Banking Corporation ("Westpac") in respect...

    2021-02-26 7:00 AM EST
  • Bengal Energy Provides Update on Debt Settlement and Equity Financing

    Calgary, Alberta--(Newsfile Corp. - February 19, 2021) -  Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update with respect to its previously announced debt settlement transaction (the "Debt Settlement") and concurrent private placement. Bengal has now received formal written notification from the Australian Foreign Investment Review Board that it will not object to the Private Placement. As previously announced, the Toronto Stock Exchange (the "TSX") has conditionally approved the Private Placement,...

    2021-02-19 7:00 AM EST
  • Bengal Energy Announces Fiscal 2021 Third Quarter Results and Subsequent Event Notice

    Calgary, Alberta--(Newsfile Corp. - February 12, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial results for the third quarter of fiscal 2021 ended December 31, 2020.Subsequent Event Notice As previously announced, Bengal has reached an agreement with its senior secured lender Westpac Banking Corporation ("Westpac") to settle all principal amounts outstanding under the credit facility (the "Credit Facility") and extinguish the debt owing to Westpac (the "Debt Settlement"). To facilitate the Debt Settlement,...

    2021-02-12 7:25 AM EST
  • Bengal Energy Announces Reliance on Financial Hardship Exemption in Connection with Private Placement and Debt Settlement

    Calgary, Alberta--(Newsfile Corp. - February 1, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce further details with respect to its previously announced non-brokered private placement ("Private Placement") of common shares in the capital of the Company ("Common Shares") to Texada Capital Management Ltd. ("Texada"). Further to the Company's press release of Monday January 25, 2021, Bengal has entered into a subscription agreement with Texada whereby Texada has agreed to subscribe for Common Shares...

    2021-02-01 6:00 AM EST
  • Bengal Energy Announces Debt Settlement and Equity Financing

    Calgary, Alberta--(Newsfile Corp. - January 25, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the execution of a binding agreement (the "Debt Settlement Agreement") with its senior secured lender Westpac Banking Corporation ("Westpac") in respect of the settlement all indebtedness and liabilities owing by Bengal's wholly owned subsidiary Bengal Energy (Australia) Pty Ltd. ("Bengal Pty") to Westpac under its secured credit facility (the "Facility"). Bengal is also pleased to announce that it has...

    2021-01-25 7:00 AM EST