Key Developments: DualEx Energy International Inc (DXE.V)

DXE.V on TSX Venture Exchange

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28 Jul 2014
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Latest Key Developments (Source: Significant Developments)

DualEx Energy International Inc announces closing of private placement financing
Monday, 12 May 2014 07:20pm EDT 

DualEx Energy International Inc:Says that is has closed a non brokered private placement of units for gross proceeds of C$1,023,017.DualEx issued 5,384,300 units at a price of C$0.19 per unit.Each unit consists of one common share and one common share purchase warrant.Each whole warrant entitles the holder thereof to acquire one common share at a price of C$0.28 per share for a period of one year after the closing.The net proceeds from the offering will be used to finance the Corporation's oil and gas exploration and production activities within the Bouhajla Permit in Tunisia and for general working capital.  Full Article

DualEx Energy International Inc Announces Closing Of First and Second Tranche Of Private Placement Financing
Friday, 1 Nov 2013 06:00pm EDT 

DualEx Energy International Inc. (DualEx or the Corporation) announced that is has closed the first and second tranche of its previously announced non-brokered private placement of units for gross proceeds of $737,960, subject to TSX Venture Exchange final approval. DualEx issued 3,884,000 units at a price of $0.19 per unit. Each unit consists of one common share and one-half of one (1/2) common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of $0.30 per share for a period of one year after the closing. If, at any time, the volume-weighted average price of the common shares on the TSX Venture Exchange is at least $0.90 for a minimum of 10 consecutive trading days (whether or not trading occurs on all such days, provided that the common shares trade on at least five of such trading days), the Corporation may, in its sole discretion, provide written notice to the holder that the exercise period has been reduced to 30 days following the delivery of such notice. The net proceeds from the offering will be used to further the Corporation's oil and gas exploration and production activities within the Bouhajla Permit in Tunisia and for general working capital. An additional tranche of the private placement is expected to occur on or about November 5, 2013.  Full Article

DualEx Energy International Inc Announces Proposed $988,000 Private Placement Financing
Friday, 25 Oct 2013 08:00am EDT 

DualEx Energy International Inc announced its intention to complete a non-brokered private placement offering of up to 5,200,000 units at a price of $0.19 per unit, for gross proceeds of up to $988,000. Each unit will consist of one common share and one-half of one (1/2) common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share at a price of $0.30 per share for a period of one year after the closing. If, at any time, the volume-weighted average price of the common shares on the TSX Venture Exchange is at least $0.90 for a minimum of 10 consecutive trading days (whether or not trading occurs on all such days, provided that the common shares trade on at least five of such trading days), the Corporation may, in its sole discretion, provide written notice to the holder that the exercise period has been reduced to 30 days following the delivery of such notice. The closing of the offering is expected to occur on or about October 31, 2013, and is subject to regulatory approval, including approval of the TSX Venture Exchange. For further details on the offering, please contact the Corporation. All securities issued in connection with the offering will be subject to a hold period of four months from the date of closing. The net proceeds from the offering will be used to further the Corporation's oil and gas exploration and production activities within the Bouhajla Permit in Tunisia and for general working capital.  Full Article

Dualex Energy International Inc Announces Drilling Of Bhn-1 Well In Tunisia
Monday, 10 Jun 2013 08:00am EDT 

DualEx Energy International Inc announced that it has commenced drilling the BHN-1 well on the Bouhajla Permit in Tunisia.The well spudded on June 8, 2013 and is drilling surface hole at a depth of 325 metres. BHN-1 is the first exploration well on the Bouhajla Permit, and is planned to be drilled to a total depth of 2,545 metres in order to evaluate a Cretaceous Abiod oil target on the Bouhajla North prospect. The well is expected to take four to six weeks to reach total depth.  Full Article

Ascent Resources Plc Disposes Its Interest in PetroHungaria Kft to Joint Venture Partners DualEx Energy International Inc, Swede Resources and Geomega
Thursday, 25 Apr 2013 02:01am EDT 

Ascent Resources Plc announced that the company has agreed to dispose of its 48.66% interest in PetroHungaria Kft, which held its interest in the Peneszlek field, to their joint venture partners, DualEx Energy International Inc, Swede Resources and Geomega for a cash consideration of EUR 450,000. The sale is a way to realise the full value of the remaining production in an up-front cash payment that the company can redeploy to advance its core Slovenia project.  Full Article

DualEx Energy International Inc Closing Of $1.9 Million Short Form Prospectus Offering
Friday, 22 Mar 2013 09:40am EDT 

DualEx Energy International Inc announced that it has closed its previously announced short form prospectus offering, raising gross proceeds of $1,901,125 for the Corporation. The Offering was led by Beacon Securities Limited, for a syndicate of agents. A total of 12,674,167 units were issued by the Corporation at a price of $0.15 per Unit for gross proceeds of $1,901,125. Each Unit consists of one common share of the Corporation and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share on or before the earlier of the date that is: (a)March 22, 2015; and (b) 30 days after the giving of notice of early termination by DualEx, which may be given by DualEx, in its sole discretion, if the volume-weighted average price of the Common Shares on the TSX Venture Exchange exceeds the warrant exercise price by at least 200% for a minimum of 10 consecutive trading days (whether or not trading of Common Shares occurs on all such days, provided that the Common Shares trade on at least five of such trading days). The exercise price of the Warrants will be $0.18 per Common Share. The Corporation will use net proceeds of the Offering to: record a 47 km2 of 3D seismic data on the KT Block of the Corporation's Bouhajla exploration block located onshore in the Pelagian Basin of east central Tunisia and for general working capital purposes.  Full Article

DualEx Energy International Inc Announces Filing of Final Prospectus
Tuesday, 19 Mar 2013 08:11pm EDT 

DualEx Energy International Inc announced that it has filed a final short form prospectus in connection with the marketed public offering of units of the Corporation at a price of $0.15 per unit for minimum gross proceeds of $1,500,000 and maximum gross proceeds of $3,000,000 (the Offering), as previously announced on March 13, 2013. The Offering is being led by Beacon Securities Limited for a syndicate of agents. Closing of the Offering is subject to certain conditions, including approval of the TSX Venture Exchange, and is expected to take place on or about March 22, 2013.  Full Article

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