Loon Energy Corporation

Recent News

  • Loon Energy Announces Options Grant

    Calgary, Alberta--(Newsfile Corp. - June 16, 2021) - Loon Energy Corporation (TSXV: LNE.H) ("Loon" or the "Company") announces that its board of directors has approved the issuance of 150,000 incentive stock options to a director of the Company. The options are exercisable at $0.13 per share and expire February 26, 2024. About Loon EnergyLoon was incorporated under the Business Corporations Act (Alberta) in the fourth quarter of 2008 and carried on business as an international oil and gas exploration company...

    2021-06-16 4:04 PM EDT
  • Loon Energy Announces Board and Management Changes

    Calgary, Alberta--(Newsfile Corp. - June 7, 2021) - Loon Energy Corporation (NEX: LNE.H) ("Loon" or the "Company") is pleased to announce that Danny Dalla-Longa has been appointed to the board of directors of the Company, Harvey McKenzie a director with the Company has been appointed Interim Chief Financial Officer and Michael Stein, currently Chief Executive Officer of the Company has also been appointed President and Corporate Secretary. Paul Rose resigned as Chief Financial Officer and Norman Holton resigned as...

    2021-06-07 10:58 AM EDT
  • Loon Energy Announces Options Grant

    Calgary, Alberta--(Newsfile Corp. - February 26, 2021) - Loon Energy Corporation (NEX: LNE.H) ("Loon" or the "Company") announces that its board of directors has approved the issuance of 750,000 incentive stock options to certain directors and officers of the Company. The options are exercisable at $0.13 per share and expire February 26, 2024. About Loon EnergyLoon was incorporated under the Business Corporations Act (Alberta) in the fourth quarter of 2008 and carried on business as an international oil and gas...

    2021-02-26 6:06 PM EST
  • Loon Energy Announces Consolidation

    Calgary, Alberta--(Newsfile Corp. - December 14, 2020) - Loon Energy Corporation (NEX: LNE.H) ("Loon" or the "Company") announces that effective December 17, 2020, the Company's common shares (the "Common Shares") will be consolidated such that one (1) new Common Share will be issued for every four (4) Common Shares outstanding (the "Consolidation"). The shareholders of the Company approved the Consolidation at its annual and special meeting of shareholders held on December 8, 2020 (the "Shareholders Meeting"). The board is...

    2020-12-14 7:40 PM EST
  • Loon Energy Completes Debt Settlements and Announces Changes to Its Board and Management

    Calgary, Alberta--(Newsfile Corp. - December 8, 2020) -  Loon Energy Corporation (TSXV: LNE.H) ("Loon" or the "Company") is pleased to announce that it is has completed certain debt settlements with its directors and officers (the "Related Parties") in respect of an aggregate of $853,134 (the "Settlement Amount"), which was first announced by Loon on October 13, 2020. The Related Parties have forgiven certain amounts owing by the Company and also received an aggregate of 17,062,680 shares at a price...

    2020-12-08 2:01 PM EST
  • Loon Energy Announces Debt Settlements to Strengthen Balance Sheet

    Calgary, Alberta--(Newsfile Corp. - October 13, 2020) -  Loon Energy Corporation (TSXV: LNE.H) ("Loon" or the "Company") is pleased to announce that it is has entered into debt settlement agreements with its directors and officers (the "Related Parties") in respect of an aggregate of US$202,216 owing as bonuses awarded and payable since February 21, 2017 (the "Bonuses Payable") and certain notes payable issued in exchange for funds loaned to the Company in the aggregate amount of US$587,941 (the "Notes Payable").The...

    2020-10-13 5:37 PM EDT
  • Loon Energy Corporation Announces Termination of Amalgamation Agreement and Timing for Resumption of Trading

    Calgary, Alberta--(Newsfile Corp. - October 6, 2020) - Loon Energy Corporation (TSXV: LNE.H) ("Loon") announces that the business combination contemplated in the Amalgamation Agreement (the "Amalgamation Agreement") with Pacific West Canopy Holdings Ltd. ("PacWest"), announced on September 17, 2018, will not occur. Loon and PacWest agreed that the proposed arrangement and all financial obligations to each other arising from the Amalgamation Agreement have been cancelled effective December 31, 2019. This information was originally filed on www.sedar.com on April...

    2020-10-06 11:33 AM EDT
  • Loon Energy Corporation Update on Timing of Shareholders Meeting to Approve Amalgamation with Pacific West Canopy Holdings Ltd.

    Calgary, Alberta--(Newsfile Corp. - November 1, 2018) - On September 17, 2018, Loon Energy Corporation (TSXV: LNE.H) ("Loon") announced that it had entered into an Amalgamation Agreement (the "Amalgamation Agreement") with Pacific West Canopy Holdings Ltd. ("PacWest"), a privately held corporation existing under the Business Corporations Act (British Columbia), pursuant to which Loon and PacWest agreed to amalgamate (the "Amalgamation") and continue as "Pacific West Canopy Ltd." (the "Resulting Issuer"). PacWest is an emerging cannabis producer as described...

    2018-11-01 7:00 AM EDT