Athabasca Minerals Inc. Granted Stay Extension and Replacement Interim Financing
Edmonton, Alberta--(Newsfile Corp. - March 11, 2024) - Athabasca Minerals Inc. (TSXV: AMI) (together with its subsidiaries, collectively, "Athabasca" or the "Corporation") announce that it has obtained an order (the "Order") from the Court of King's Bench of Alberta (the "Court") on March 8, 2024 in support of its restructuring efforts under the Notice of Intention to Make a Proposal (the "NOI"). This Order extends the current stay period to April 22, 2024 (the "Stay Extension"), amending and...
2024-03-11 4:30 PM EDT
Athabasca Minerals Inc. Announces Corporate Sale Transaction Valued at CAD $29.2 Million
Edmonton, Alberta--(Newsfile Corp. - February 15, 2024) - Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") announces today that it has entered into a transaction agreement (the "Agreement") with Badger Mining Corporation (the "Purchaser" or "Badger") for the acquisition of the Corporation by Badger (the "Transaction"). The Transaction is to be implemented by way of a subscription agreement between the Corporation and the...
2024-02-15 2:56 PM EST
Athabasca Minerals Inc. Granted Extension of Stay Period and Provides Update on Sales Process
Edmonton, Alberta--(Newsfile Corp. - January 29, 2024) - Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") announces that it has obtained an order from the Court of King's Bench of Alberta (the "Court") on January 26, 2024 in support of its restructuring efforts under the Notice of Intention to Make a Proposal (the "NOI"). This order extends the current stay period to March 11, 2024 (the "Stay Extension"), amending and...
2024-01-29 4:30 PM EST
Athabasca Minerals Inc. Announces Commencement of Court-Approved Sale and Investment Solicitation Process
Edmonton, Alberta--(Newsfile Corp. - December 15, 2023) - As previously announced on November 14, 2023, Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") commenced a restructuring process by filing Notices of Intention to Make a Proposal to its creditors (the "NOI") under the provisions of Part III, Division 1 of the Bankruptcy and Insolvency Act (Canada), as amended (the "BIA"). KSV Restructuring Inc. is acting as proposal...
2023-12-15 10:59 AM EST
Athabasca Minerals Inc. Announces Q3 - 2023 Financial Results, Resignation of Donald Paulencu as Director and Chairman, and Update on Notice of Intention Process
Edmonton, Alberta--(Newsfile Corp. - November 29, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") reports its financial and operating results for the three and nine months ended September 30, 2023 ("Interim Financial Statements") along with the associated Management's Discussion & Analysis ("MD&A"). Athabasca also announces that Mr. Donald Paulencu has tendered his resignation as Director and Chairman of the Corporation. THIRD QUARTER FINANCIAL UPDATEThe...
2023-11-29 5:54 PM EST
Athabasca Minerals Inc. Announces Termination of the Arrangement Agreement with JMAC Energy Services LLC, Resignation of Jon McCreary as Director, Notice of Intention to Make a Proposal and Filing of Restated Financial Statements
Edmonton, Alberta--(Newsfile Corp. - November 14, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces the termination of the arrangement agreement dated September 20, 2023 between JMAC Energy Services LLC ("JMAC") and Athabasca (the "Arrangement Agreement"), resignation of Jon McCreary as director of the Corporation, the filing of a Notice of Intention ("Notice of Intention") to Make a Proposal to its creditors under the provision of Part III, Division of...
2023-11-14 1:00 PM EST
Athabasca Minerals Inc. Announces Requirement to Restate Its Financial Statements and MD&A and Postponement of the Special Meeting
Edmonton, Alberta--(Newsfile Corp. - October 30, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces that, based on discussions with its auditors, the Corporation is required to amend and restate its audited consolidated financial statements for the years ended December 31, 2021 and December 31, 2022 ("Annual Financial Statements") and the associated Management's Discussion & Analysis, as well as the interim condensed consolidated financial statements and...
2023-10-30 8:26 PM EDT
Athabasca Minerals Inc. Enters into Agreement to be Acquired by JMAC Energy Services LLC and Enters into an Amended Loan Agreement
Edmonton, Alberta--(Newsfile Corp. - September 21, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with JMAC Energy Services LLC (the "Purchaser" or "JMAC") pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Athabasca ("Athabasca Shares"), other than Athabasca Shares already owned or controlled by the...
2023-09-21 7:30 AM EDT
Athabasca Minerals Announces Q2 2023 Financial Results and Postponement of Shareholder Meeting Date
Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation"), announces its Q2 Financial Statements for the second-quarter ending June 30, 2023. The Q2 2023 Financial Statements and Management's Discussion and Analysis are available on SEDAR+ at www.sedarplus.ca and on the Corporation's website at www.athabascaminerals.com. Q2 2023 HIGHLIGHTSSigned multi-year transload agreement for the delivery of silica sand into the Grande Prairie,...
2023-08-24 4:30 PM EDT
Athabasca Minerals Announces Agreement for Disposition of Non-Core Assets and Amended Loan Agreement
Edmonton, Alberta--(Newsfile Corp. - June 30, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation") announced today that it has executed and closed a definitive sale agreement (the "Sale Agreement") with an independent, arm's length purchaser, to divest of certain non-core assets within the aggregates division (the "Disposition" and "Disposed Assets") for total cash consideration of C$3.2 million, before normal closing adjustments. The Sale Agreement had a closing date of...
2023-06-30 6:10 PM EDT
Athabasca Minerals Announces Reinstatement of Trading on TSX Venture Exchange
Edmonton, Alberta--(Newsfile Corp. - June 15, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI", "Athabasca" or the "Corporation") announces the reinstatement of its common shares for trading on the TSX Venture Exchange (the "Exchange") effective June 16, 2023.The cease trade order issued by the Alberta and Ontario Securities Commissions on May 9, 2023 was fully revoked, effective June 13, 2023, with the filing of its Annual Financial Statements and MD&A for the year ended December 31, 2022...
2023-06-15 7:30 AM EDT
Athabasca Minerals Announces First Quarter 2023 Financial Results
Edmonton, Alberta--(Newsfile Corp. - June 8, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI", "Athabasca" or the "Corporation") announces financial results for the first quarter ended March 31, 2023. The Q1-2023 Financial Statements, Management's Discussion and Analysis, as well as the CEO Certification and CFO Certification (together the "Q1 Financials") are available on SEDAR at www.sedar.com and on the company website (www.athabascaminerals.com). In an effort to adapt to changing market...
2023-06-08 7:30 AM EDT
Athabasca Minerals Provides Update on Quarter One 2023 Filings and Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - May 29, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation") announces that it will not be filing its quarterly financial statements, accompanying management's discussion and analysis and related chief executive officer and chief financial officer certifications for the quarter ended March 31, 2023 (collectively, the "Q1 Statements"), within the period prescribed for the filing of such documents under Parts 4, 5 and 6 of National...
2023-05-29 4:35 PM EDT
Athabasca Minerals Announces Fourth Quarter and Full 2022 Year End Results and Update on Annual General Meeting
Edmonton, Alberta--(Newsfile Corp. - May 19, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation") announces the 2022 Year End Financial Results and Q4 2022 Financial Results. The Corporation's 2022 Financial Statements and Management's Discussion and Analysis ("MD&A") are available on SEDAR at www.sedar.com and on the Athabasca Minerals Inc. website at www.athabascaminerals.com.Fiscal Year 2022 Business HighlightsClosed strategic U.S. Sand Acquisition of operational U.S....
2023-05-19 10:33 AM EDT
Athabasca Minerals Announces Cease Trade Order
Edmonton, Alberta--(Newsfile Corp. - May 11, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation") announces that the Alberta and Ontario Securities Commissions have issued a Failure-to-File Cease Trade Order ("FFCTO") with respect to the Corporation's securities due to the Corporation's inability to file its audited annual financial statements and corresponding management's discussion and analysis (collectively, the "Financial Documents") for the year ended December 31,...
2023-05-11 4:31 PM EDT
Athabasca Minerals Provides Update on Annual Filings
Calgary, Alberta--(Newsfile Corp. - May 1, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI") announced today that it will not be filing its annual financial statements, accompanying management's discussion and analysis and related chief executive officer and chief financial officer certifications for the financial year ended December 31, 2022 (collectively, the "Annual Filings"), within the period prescribed for the filing of such documents under Parts 4, 5 and 6 of National Instrument 51-...
2023-05-01 10:05 PM EDT
Athabasca Minerals Announces Sand Supply Agreement and Strategic Transload Agreement
Calgary, Alberta--(Newsfile Corp. - April 5, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation") announces its subsidiary AMI Silica LLC ("AMIS" or the "Company") has signed a multi-year transload agreement (the "Transload Agreement") for the delivery of its silica sand into the Grande Prairie, Alberta region. In addition, AMIS has signed an eighteen-month Sand Supply Agreement (the "Sand Agreement") with a commitment to provide various product specifications to a leading...
2023-04-05 7:30 AM EDT
Athabasca Minerals Announces Engagement of Canaccord Genuity as Advisors for the Exploration of Strategic Alternatives
Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation"), one of North America's largest suppliers of premium sand today announced that its board of directors (the "Board"), together with the support of management, has initiated a process to evaluate potential strategic alternatives intended to maximize shareholder value. As part of the process, the Board will consider a full range of strategic alternatives, which may include...
2023-03-28 7:30 AM EDT
Athabasca Minerals Announces CDN$2,000,000 Bridge Loan and Provides Financial Update
Edmonton, Alberta--(Newsfile Corp. - February 28, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces that it has obtained a secured bridge loan of CDN $2,000,000 (the "Loan") from JMAC Energy Services LLC ("JMAC"). Athabasca will use the proceeds of the Loan to repay its existing term loan with Canadian Western Bank ("CWB Loan") and for general working capital purposes. The Loan will bear interest at a rate of 12% per annum, provided that the interest...
2023-02-28 8:52 PM EST
Athabasca Minerals Announces Resignation of Director
Calgary, Alberta--(Newsfile Corp. - February 16, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation"), announces today that Terrance Kutryk has resigned as a director of the Corporation.Mr. Kutryk has served as a director for Athabasca Minerals Inc. since September 2019 and has provided valuable guidance and leadership throughout his tenure.Athabasca's board of directors (the "Board") would like to thank Mr. Kutryk for his many contributions and wishes him every...
2023-02-16 8:30 PM EST