Resolute Resources Ltd Completes Sale of Wholly Owned Subsidiary
Calgary, Alberta--(Newsfile Corp. - October 4, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce the successful closing of the transaction, previously announced on July 29, 2024, to sell its now former sole direct wholly-owned subsidiary, Resolute Resources Limited (the "Subsidiary"), to a private arm's length purchaser (the "Purchaser") for cash consideration of $75,000.The Subsidiary encompasses all oil and gas assets previously held by the Company (the "Assets") and includes all issued and outstanding...
2024-10-04 5:00 PM EDT
Resolute Resources Ltd. Announces Sale Agreement
Calgary, Alberta--(Newsfile Corp. - July 29, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that it has entered into a definitive agreement to sell its sole direct wholly-owned subsidiary, Resolute Resources Limited (the "Subsidiary"), to a private arm's length purchaser (the "Purchaser") for cash consideration of $75,000.The Subsidiary holds all oil and gas assets of the Company (the "Properties") as well as all issued and outstanding shares of an indirect subsidiary of the...
2024-07-29 4:33 PM EDT
RETRANSMISSION: Resolute Resources Ltd Provides Update and Initiates Strategic Review
Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") would like to provide an update with respect to its oil project in Northwest Alberta and strategic direction going forward. Resolute's Grimshaw channel well demonstrated a new heavy oil pool containing 6o API. Oil samples collected while drilling exhibited light-medium brown oil staining, which visually appeared different to the black 6o API oil collected during the workover of the channel well. The Company...
2024-01-30 12:15 PM EST
Resolute Resources Ltd Provides Update and Initiates Strategic Review
Calgary, Alberta--(Newsfile Corp. - January 29, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") would like to provide an update with respect to its oil project in Northwest Alberta and strategic direction going forward. Resolute's Grimshaw channel well demonstrated a new heavy oil pool containing 6o API. Oil samples collected while drilling exhibited light-medium brown oil staining, which visually appeared different to the black 6o API oil collected during the workover of the channel well. The Company...
2024-01-29 7:12 PM EST
Resolute Resources Ltd Provides Board of Directors Update
Calgary, Alberta--(Newsfile Corp. - January 15, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") announces today that it has accepted the resignations of independent directors Curt Labelle and Chris Wolfenberg from the Board of Directors of the Company. The board would like to thank Mr. Labelle and Mr. Wolfenberg for their service and wishes them all the best in the future.The board is actively engaged in identifying and evaluating alternatives with respect to the appointment...
2024-01-15 5:01 PM EST
Resolute Resources Ltd Provides Well Update
Calgary, Alberta--(Newsfile Corp. - January 12, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") provides an update in respect of the HZ ANTHONY 12-19-83-23 which commenced drilling November 24th and was completed on December 3rd. Gething channel sand was encountered as per geologic modeling. 2350 metres of open hole were drilled over 4 laterals, which were terminated short due to formation dropping below log verified oil saturation and a desire to avoid unnecessary risk. Significant oil...
2024-01-12 8:11 AM EST
Resolute Resources Ltd Announces Rig Mobilization and Spud Date
Calgary, Alberta--(Newsfile Corp. - November 20, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Precision Drilling Rig #141, is being mobilized to the 14-19-83-23W5 drill pad this week.The RESOLUTERESLTD HZ ANTHONY 11-24-83-24 is planned to Spud on November 23rd, 2023. The well is expected to take ten days to reach total depth ("TD"). Following reaching TD, a production test is to be performed. Production results should be available approximately...
2023-11-20 8:00 AM EST
Resolute Resources Announces Operational Update
Calgary, Alberta--(Newsfile Corp. - November 13, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute Resources", "Company", "our" or "we")Operational UpdateRESOLUTERESLTD HZ ANTHONY 7-24-83-24W5The RESOLUTERESLTD HZ ANTHONY 7-24-83-24W5 ("Shoreline", "7-24") horizontal multilateral well was drilled with six lateral legs for a total length of approximately 8,500 meters. During drilling, many thousands of meters of oil saturated rock with good gas response were observed. In addition, medium brown oil staining and clean sands were consistently seen on the shaker. Drill cutting analysis...
2023-11-13 10:30 AM EST
Resolute Resources Announces Operational Update and Leadership Transition
Calgary, Alberta--(Newsfile Corp. - October 31, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute Resources", "Company", "our" or "we")Operational UpdateSince incorporation in 2019, Resolute Resources has advanced from an exploration concept to a publicly listed oil and gas company. We made our first land purchase in 2020, and significantly expanded our land holdings in 2022. We successfully obtained licenses for our first wells and established two well pads in mid- 2023. On September 24th of this year,...
2023-10-31 4:00 AM EDT
Resolute Resources Ltd. Announces Rig Release, Operations Update and 11-24 Well License
Calgary, Alberta--(Newsfile Corp. - September 25, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Stampede #14, was rig released from 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well.The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 took 17 days to drill and the final AFE will be within 15% of the previously estimated well costs. Reservoir production testing will commence with results available in approximately 6 weeks.In...
2023-09-25 8:00 AM EDT
Resolute Resources Ltd. Announces Rig Mobilization and Spud Date
Calgary, Alberta--(Newsfile Corp. - September 6, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Stampede #14, has been mobilized to the 5-25-83-24W5 drill pad.The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 is planned to Spud on September 6th, 2023. The well is expected to take 15 days to reach TD on leg 6. Following reaching total depth, a production test is to be performed. Production results should be available approximately 6 weeks...
2023-09-06 8:00 AM EDT
Resolute Resources Ltd. Announces Engagement of Red Cloud Securities
Calgary, Alberta--(Newsfile Corp. - August 31, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("RRL" or the "Company") is pleased to announce that, subject to regulatory approval, it has retained Red Cloud Securities ("Red Cloud") to provide liquidity services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV") and other applicable legislation. Red Cloud is a Toronto-based financial services company that helps mineral exploration and mining companies with accessing capital markets and enhancing...
2023-08-31 4:30 PM EDT
Resolute Resources Ltd. Corporate Update: Land Acquisition, Drill Program Status, Acquisition of 3D Seismic Data and Receipt of Resource Report
Calgary, Alberta--(Newsfile Corp. - August 30, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("RRL" or the "Company") is pleased to announce the following corporate activities:News DisseminationAs announced in the August 23, 2023 news release of the Company, the business combination between the Company (formerly, Crossover Acquisitions Corp.) and Resolute Resources Ltd. was completed on August 23, 2023. The shares of the Company will resume trading on the TSX Venture Exchange ("TSXV"), under the symbol RRL, at the open on August...
2023-08-30 8:00 AM EDT
Resolute Resources Ltd. (Formerly Crossover Acquisitions Inc.) Announces Completion of Qualifying Transaction
Calgary, Alberta--(Newsfile Corp. - August 23, 2023) - Resolute Resources Ltd. (TSXV: CRSS.P) (formerly Crossover Acquisitions Inc.) (the "Corporation" or "Crossover") is pleased to announce that it has completed its previously announced business combination (the "Transaction") with Resolute Resources Ltd. ("Resolute"), which resulted in the reverse take-over of the Corporation by the former shareholders of Resolute and which constituted the Corporation's "Qualifying Transaction", as such term is defined under Policy 2.4 - Capital Pool Companies ("Policy 2.4") of the...
2023-08-23 8:11 PM EDT
Crossover Acquisitions Inc. and Resolute Resources Ltd. Announce Conditional Acceptance of Qualifying Transaction and Filing of Filing Statement
Toronto, Ontario--(Newsfile Corp. - August 11, 2023) - Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), and Resolute Resources Ltd. ("Resolute") are pleased to announce that Crossover has received conditional approval from the TSXV in respect of its previously announced qualifying transaction (the "Transaction") with Resolute pursuant to Policy 2.4. In connection with the Transaction and pursuant...
2023-08-11 8:42 PM EDT
Resolute Resources Ltd. and Crossover Acquisitions Inc. Announce Closing of Final Tranche of Private Placement for Total of $4.5 Million
Toronto, Ontario--(Newsfile Corp. - July 11, 2023) - Resolute Resources Ltd. ("Resolute") and Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), are pleased to announce that, further to Crossover's news releases dated January 6, 2023, March 21, 2023, and June 6, 2023, Resolute has completed the second and final tranche of its brokered private placement offering (the...
2023-07-11 9:25 PM EDT
Resolute Resources Ltd. and Crossover Acquisitions Inc. Announce Closing of $4 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - June 6, 2023) - Resolute Resources Ltd. ("Resolute") and Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), are pleased to announce that, further to Crossover's news releases dated January 6, 2023 and March 21, 2023, Resolute has completed the first tranche of its brokered private placement offering (the "Offering") of subscription receipts of...
2023-06-06 8:21 PM EDT
Crossover Acquisitions Inc. and Resolute Resources Ltd. Announce Business Combination Agreement and $4 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - March 21, 2023) - Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies, and Resolute Resources Ltd. ("Resolute") are pleased to announce that, further to Crossover's news release dated January 6, 2023, Crossover and Resolute have entered into a business combination agreement dated March 21, 2023 (the "Business Combination Agreement") in connection with the proposed business...
2023-03-21 2:46 PM EDT
Crossover Acquisitions Inc. and Resolute Resources Ltd. Enter into Letter of Intent for Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - January 6, 2023) - Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies, is pleased to announce it has entered into a letter of intent dated January 5, 2023 (the "LOI") with Resolute Resources Ltd. ("Resolute"), a corporation organized under the laws of the Province of Alberta, whereby Crossover and Resolute will complete an arrangement, amalgamation,...
2023-01-06 4:22 PM EST
Crossover Acquisitions Inc. Announces Closing of Initial Public Offering
Toronto, Ontario--(Newsfile Corp. - October 15, 2021) - Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), is pleased to announce that it has completed its initial public offering (the "Offering") today of 12,500,000 common shares (the "Common Shares") at a purchase price of $0.10 per Common Share by way of a prospectus for gross proceeds of $1,250,000.The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date,...
2021-10-15 9:21 AM EDT