Reef Resources Ltd.

Recent News

  • Reef Announces Revocation of Cease Trade Orders

    Calgary, Alberta--(Newsfile Corp. - September 29, 2022) - Reef Resources Ltd. ("Reef") is pleased to announce that it has received orders fully revoking the cease trade orders (the "CTOs") it received from the securities commissions in Alberta, British Columbia, Manitoba and Ontario effective September 23, 2022. Due to a lack of capital, Reef failed to file its annual audited financial statements, annual management's discussion and analysis ("MD&A") and certifications of annual filings for the year ended July 31, 2013....

    2022-09-29 6:03 PM EDT
  • Reef Announces Sale of Assets to Levant Exploration and Production Corp

    Calgary, Alberta--(Newsfile Corp. - August 9, 2022) - Reef Resources Ltd. ("Reef") is pleased to announce that it has completed the sale of its non-producing oil and gas assets located in Huron County, Ontario (the "Assets") effective July 22, 2022, to Levant Exploration and Production Corp. ("Levant") pursuant to the Asset Purchase Agreement (the "Asset Purchase Agreement") between Reef and Levant previously announced by Reef in its press releases dated November 22, 2021 and March 1, 2022.Completion of the...

    2022-08-09 11:53 AM EDT
  • Reef Announces Issuance of Debentures

    Calgary, Alberta--(Newsfile Corp. - May 11, 2022) - Reef Resources Ltd. ("Reef") is pleased to announce that it has issued debentures (the "Debentures") having an aggregate principal amount of $250,000. The Debentures are unsecured and non-convertible. The Debentures bear interest of 10% per annum and mature one year from the date of issuance. Reef remains subject to cease trade orders (the "CTOs") it received from the securities commissions in Alberta, British Columbia, Manitoba and Ontario. The...

    2022-05-11 5:02 PM EDT
  • Reef Announces Resignation of Director and Appointment of New CFO

    Calgary, Alberta--(Newsfile Corp. - May 10, 2022) - Reef Resources Ltd. ("Reef" or the "Corporation") today announced that Larry J. Olson has resigned from the Corporation's board of directors and as the Chief Financial Officer of the Corporation. Arnold W. Hansen, the Chief Executive Officer of the Corporation, has been appointed the Chief Financial Officer of the Corporation to replace Mr. Olson.The Corporation expresses its sincere thanks to Mr. Olson for his efforts and contributions as director of...

    2022-05-10 1:33 PM EDT
  • Reef Announces Partial Revocation of Cease Trade Orders and Debenture Financing

    Calgary, Alberta--(Newsfile Corp. - March 18, 2022) - Reef Resources Ltd. ("Reef") is pleased to announce that it has received partial cease trade order revocations for cease trade orders (the "CTOs") it received from the securities commissions in Alberta, British Columbia, Manitoba and Ontario. Due to a lack of capital, Reef failed to file its annual audited financial statements, annual management's discussion and analysis ("MD&A") and certifications of annual filings for the year ended July 31, 2013. The...

    2022-03-18 8:01 PM EDT
  • Reef Announces Execution of Trust Agreement with Levant Exploration and Production Corp.

    Calgary, Alberta--(Newsfile Corp. - March 1, 2022) - Reef Resources Ltd. ("Reef") announces that it has entered into a trust agreement (the "Trust Agreement") with Levant Exploration and Production Corp. ("Levant") whereby Reef will hold in trust for the benefit of Levant the well licences in respect of Reef's non-producing oil and gas assets located in Huron County, Ontario (the "Assets"), which Assets Reef intends to sell to Levant pursuant to the Asset Purchase Agreement (the "Asset Purchase Agreement")...

    2022-03-01 4:45 PM EST
  • Reef Announces Execution of New Asset Purchase Agreement with Levant Exploration and Production Corp.

    Calgary, Alberta--(Newsfile Corp. - November 22, 2021) - Reef Resources Ltd. ("Reef") is pleased to announce that it has entered into a new Asset Purchase Agreement (the "Agreement") with Levant Exploration and Production Corp. acting in trust for a corporation to be incorporated ("Levant") pursuant to which Levant would purchase all of Reef's non-producing oil and gas assets located in Huron County, Ontario (the "Assets"). Levant and Reef had previously entered into an agreement for the sale of...

    2021-11-22 8:30 AM EST
  • Reef Announces Acquisition of Entire Interest in Huron County Assets

    Calgary, Alberta--(Newsfile Corp. - March 16, 2021) - Reef Resources Ltd. ("Reef") announces that Scirocco Energy PLC (formerly Solo Oil PLC) has quitclaimed its interest in and to Reef's non-producing oil and gas assets located in Huron County, Ontario effective February 6, 2021. As a result of the quitclaim, Reef now holds a 100% working interest in and to the property. Pursuant to the quitclaim, Reef has agreed to indemnify Scirocco for liabilities that may arise from the...

    2021-03-16 12:27 PM EDT