Key Developments: Long Run Exploration Ltd (LRE.TO)

LRE.TO on Toronto Stock Exchange

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28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Long Run Exploration Ltd announces August dividend
Thursday, 14 Aug 2014 06:00pm EDT 

Long Run Exploration Ltd:Declares dividend of $0.035 per Common Share to be paid on Sept. 15 to shareholders of record at close of business on Aug. 29.Ex-dividend date for this dividend is Aug. 27.  Full Article

Long Run Exploration Ltd gives FY 2014 production guidance
Thursday, 7 Aug 2014 07:30pm EDT 

Long Run Exploration Ltd:Says that it expects FY 2014 production to average 32,100 Boe/d, including the impact of the Crocotta Acquisition.  Full Article

Long Run Exploration Ltd gives FY 2014 production guidance
Wednesday, 6 Aug 2014 07:30pm EDT 

Long Run Exploration Ltd:Says it expects FY 2014 production to average 32,100 BOE/d (50% oil + NGLs).  Full Article

Long Run Exploration Ltd and Crocotta Energy Inc. announces completion of arrangement
Wednesday, 6 Aug 2014 07:30pm EDT 

Long Run Exploration Ltd and Crocotta Energy Inc:Says completion of the previously announced acquisition of Crocotta pursuant to a plan of arrangement under the provisions of the Business Corporations Act.Pursuant to the Arrangement, Long Run has acquired all of the issued and outstanding common shares of Crocotta.Crocotta shareholders received a combination of Long Run common shares as well as common shares and warrants of a newly established Montney-focused exploration company called Leucrotta Exploration Inc. to be led by Crocotta's previous management team.Says for each Crocotta share held, shareholders of Crocotta will receive 0.415 of a Long Run common share, one common share of ExploreCo, and 0.2 arrangement warrants of ExploreCo.Each arrangement warrant entitles the holder to purchase one ExploreCo common share at a price of $1.70 for a period of 30 days following closing of the Arrangement.Says the assets excluded from Long Run's acquisition of Crocotta consist of Crocotta's assets in northeast British Columbia and northwest Alberta, which were transferred to ExploreCo in connection with the Arrangement.  Full Article

Long Run Exploration Ltd announces July dividend
Tuesday, 15 Jul 2014 06:05pm EDT 

Long Run Exploration Ltd:Declares dividend of $0.035 per Common Share to be paid on Aug. 14, 2014 to shareholders of record at the close of business on July 31, 2014.Ex-dividend date for this dividend is July 29, 2014.  Full Article

Long Run Exploration Ltd announces June dividend
Monday, 16 Jun 2014 07:08pm EDT 

Long Run Exploration Ltd:Declares dividend of C$0.035 per common share to be paid on July 15, to shareholders of record at close of business on June 30.Ex-dividend date for this dividend is June 26.  Full Article

Crocotta Energy Inc announces strategic transaction with Long Run Exploration
Thursday, 12 Jun 2014 03:31pm EDT 

Crocotta Energy Inc:Enters into an arrangement agreement (Agreement) whereby Long Run Exploration Ltd. (Long Run or LRE) will acquire all of issued and outstanding common shares of Crocotta in a transaction valued at about $357 mln including debt and transaction costs assumed by LRE.Under the terms of the Arrangement each common share of Crocotta will be exchanged for 0.415 of common share of Long Run, 1.0 common share of new Montney-focused exploration and production company (ExploreCo) and 0.2 of ExploreCo common share purchase warrant (ExploreCo Arrangement Warrants).Each whole ExploreCo Arrangement Warrant will entitle the holder to acquire one common share of ExploreCo (ExploreCo Share) at exercise price of $1.70 per share at any time on or before 30 days following the closing of the Arrangement.In addition, in conjunction with the Arrangement, Crocotta and ExploreCo have entered into letter agreement with syndicate of underwriters lead by National Bank Financial Inc.To raise $30 mln through private placement of subscription receipts of ExploreCo (Subscription Receipts) at price of $1.70 per Subscription Receipt on a bought-deal basis (Subscription Receipt Offering).Gross proceeds raised under Subscription Receipt Offering will be held in escrow pending satisfaction of certain escrow release conditions, including all of the conditions required to complete the Arrangement having being satisfied or waived.  Full Article

Long Run Exploration Ltd announces closing of previously announced acquisition of Strategic Long Life Assets
Friday, 30 May 2014 02:36pm EDT 

Long Run Exploration Ltd:Announces the closing of the previously announced acquisition of certain strategic oil and liquids-rich natural gas assets focused on the Cardium in the Deep Basin and Pine Creek areas of Alberta.Total consideration, after closing adjustments, was about $225 million.Closing date of May 30 and an effective date of April 1.  Full Article

Sprott Resource Corp and Long Run Exploration Ltd. close $67.7 mln secondary offering of common shares
Wednesday, 21 May 2014 08:13am EDT 

Sprott Resource Corp:Announces completion of a secondary offering of 12,654,635 common shares of Long Run by SRC at a price of $5.35 per common share.Gross proceeds of $67,702,297 to SRC.Long Run will not receive any proceeds from the offering.Previously announced offering was completed on a bought deal basis by an underwriting syndicate co-led by National Bank Financial Inc. and Cormark Securities Inc., and including GMP Securities L.P., TD Securities Inc., Canaccord Genuity Corp., Clarus Securities Inc. and Scotia Capital Inc.  Full Article

Long Run Exploration Ltd declares dividend
Thursday, 15 May 2014 07:00pm EDT 

Long Run Exploration Ltd:Declares a dividend of $0.0335 per common share and per Non-Voting Convertible Share to be paid on June 16.Payable to shareholders of record at the close of business on May 30.The ex-dividend date for this dividend is May 28.  Full Article

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