Loon Energy Corporation

Recent News

  • 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. Other changes include: (i)...

    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.In connection...

    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 June 30, 2022. Optimind...

    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 number of old shares which shall...

    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 (the "Target Shares") of Optimind (the...

    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 Corporation, after completion of the Transaction, is referred to...

    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 Corporation since October...

    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 exploration company...

    2021-06-16 4:04 PM EDT