Loon Energy Announces Debt Settlement and Update to Optimind Pharma Transaction
Toronto, Ontario--(Newsfile Corp. - July 27, 2022) - Loon Energy Corporation (TSXV: LNE.H) (the "Company" or "Loon") and Optimind Pharma Inc. ("Optimind") are pleased to announce the expected closing date of the reverse takeover transaction between Loon and Optimind (the "Transaction") to be July 28, 2022.As part of the Transaction, the Company agreed to settle certain debts of the Company prior to completion of the Transaction in order for the Company not to have any material liabilities on...
2022-07-27 4:11 PM EDT
Loon Energy Announces Debt Settlement, Option Grant and Update to Optimind Pharma Transaction
Toronto, Ontario--(Newsfile Corp. - June 30, 2022) - Loon Energy Corporation (TSXV: LNE.H) (the "Company" or "Loon") and Optimind Pharma Inc. ("Optimind") have entered into a third amending agreement to the definitive acquisition agreement announced on November 30, 2021, as amended, with respect to the reverse takeover transaction between Loon and Optimind (the "Transaction"). The amending agreement provides for an extension to the completion of the Transaction to be on or before August 24,...
2022-06-30 9:51 AM EDT
Loon Energy Announces Update on Transaction with Optimind Pharma
Toronto, Ontario--(Newsfile Corp. - June 16, 2022) - Loon Energy Corporation (TSXV: LNE) (the "Company") is pleased to announce that it has applied for listing of its common shares on the Canadian Securities Exchange ("CSE") and intends to complete its previously announced reverse takeover transaction (the "Transaction") with Optimind Pharma Inc. in July, 2022. Full details of the Transaction can be found in the Company's news releases on November 30, 2021, December 23, 2021 and April 4,...
2022-06-16 3:27 PM EDT
Loon Energy and Optimind Pharma Announce Update to Reverse Takeover Transaction
Toronto, Ontario--(Newsfile Corp. - April 4, 2022) - Loon Energy Corporation (TSXV: LNE) (the "Company" or "Loon") and Optimind Pharma Inc. ("Optimind") have entered into a second amending agreement to the definitive acquisition agreement announced on November 30, 2021 and December 23, 2021, with respect to the reverse takeover transaction between Loon and Optimind (the "Transaction"). The amending agreement provides for an extension to the completion of the Transaction to be on or before...
2022-04-04 9:05 AM EDT
Loon Energy and Optimind Pharma Announce Update to Reverse Takeover Transaction
Toronto, Ontario--(Newsfile Corp. - December 23, 2021) - Loon Energy Corporation (TSXV: LNE) (the "Company" or "Loon") and Optimind Pharma Inc. ("Optimind") have entered into an amending agreement to the definitive acquisition agreement announced on November 30, 2021 with respect to the reverse takeover transaction between Loon and Optimind (the "Transaction"). The amending agreement provides for the following:Loon will complete a share consolidation on the basis of one (1) new share for such...
2021-12-23 4:30 PM EST
Loon Energy Announces Execution of Definitive Agreement for Reverse Takeover Transaction with Optimind Pharma
Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - Loon Energy Corporation (TSXV: LNE.H) (the "Company" or "Loon") is pleased to announce that, further to its news release dated November 16, 2021, the Company has entered into a definitive acquisition agreement dated November 30, 2021 (the "Definitive Agreement") with Optimind Pharma Inc. ("Optimind"), a private company incorporated under the Province of Ontario, whereby Loon has agreed to acquire all of the issued and outstanding shares...
2021-11-30 4:17 PM EST
Loon Energy Enters into Letter of Intent for a Reverse Takeover Transaction with Optimind Pharma Inc
Toronto, Ontario--(Newsfile Corp. - November 16, 2021) - Loon Energy Corporation (TSXV: LNE.H) (the "Corporation") and Optimind Pharma Inc. ("Optimind") are pleased to announce they have entered into a letter of intent (the "LOI") dated November 16, 2021, which outlines the general terms and conditions of a proposed business combination, by way of an amalgamation transaction, which will result in Optimind becoming a wholly-owned subsidiary of the Corporation (the "Transaction"). The...
2021-11-16 12:00 PM EST
Loon Energy Announces Resignation and Appointment of Interim CEO
Calgary, Alberta--(Newsfile Corp. - October 27, 2021) - Loon Energy Corporation (NEX: LNE.H) ("Loon" or the "Company") announces that Michael Stein has resigned as an officer and director of the Company for personal reasons and that Timothy Elliott has been appointed interim Chief Executive Officer and Corporate Secretary. The Board of Directors thanks Michael for his contributions. Mr. Elliot, a lawyer by profession, has been a director and Chairman of the Board of Directors of Loon Energy...
2021-10-27 4:00 PM EDT
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...
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...
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...
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...
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...
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...
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,...
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...
2018-11-01 7:00 AM EDT
Loon Energy Corporation Agrees to Amalgamation with Emerging Cannabis Company
Calgary, Alberta--(Newsfile Corp. - September 17, 2018) - Loon Energy Corporation (TSXV: LNE.H) ("Loon") announces that it has 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 have agreed to amalgamate (the "Amalgamation") and continue as "Pacific West Canopy Ltd." (the "Resulting Issuer"). The...
2018-09-17 5:38 PM EDT