Key Developments: Traverse Energy Ltd (TVL.V)

TVL.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Traverse Energy Ltd announces private placement financing
Tuesday, 25 Nov 2014 04:04pm EST 

Traverse Energy Ltd:Intends to complete non-brokered private placement to single investor of 1,300,000 common shares of the Corporation to be issued on flow through basis eligible for renunciation of Canadian exploration expenses within meaning of the Income Tax Act (Canada) at $1.15 per Share.Says for total gross proceeds of $1,495,000.Completion of private placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including approval of the TSX Venture Exchange.The Corporation intends to use proceeds from private placement to fund portion of its exploration and drilling activities in province of Alberta.  Full Article

Traverse Energy Ltd announces completion of $11.5 mln bought deal financing
Wednesday, 12 Mar 2014 09:33am EDT 

Traverse Energy Ltd:Deal financing of 14,375,000 common shares which includes 1,875,000 common shares issued pursuant to exercise in full of over-allotment option, at a price of $0.80 per common share.For aggregate gross proceeds of $11,500,000.Financing was underwritten by Acumen Capital Finance Partners Limited.Intends to use proceeds from offering to expand its 2014 exploration and development program.  Full Article

Traverse Energy Ltd announces bought deal financing
Tuesday, 18 Feb 2014 08:41am EST 

Traverse Energy Ltd:Enters into an agreement with Acumen Capital Finance Partners Ltd, pursuant to which Traverse has agreed to issue an aggregate of 12,500,000 common share at a price of $0.80 per Common Share.Says total gross proceeds will be about $10,000,000.Says in addition, Traverse has granted an over-allotment option to purchase additional Common Shares for additional gross proceeds of about $1,500,000 if the over-allotment option is exercised in full.  Full Article

Traverse Energy Ltd closes private placement financing
Tuesday, 17 Dec 2013 04:59pm EST 

Traverse Energy Ltd:Closes the second and final tranche of non-brokered private placement of common shares of the Corporation issued at $0.84 per Share.Issues 1,608,750 Shares for gross proceeds of $1,351,350 in the Final Tranche.Says these shares are subject to a hold period under applicable securities law until Apr. 18, 2014.Issus a total of 4,000,000 shares in the private placement for total gross proceeds of $3,360,000.Say it paid an aggregate finder's fee of $120,519 to five registered brokers in consideration for placing an aggregate of 2,391,250 shares under the private placement.Intends to use the proceeds from the Private Placement to fund a portion of its exploration drilling activities in the province of Alberta.  Full Article

Traverse Energy Ltd closes first tranche of private placement financing
Monday, 9 Dec 2013 04:47pm EST 

Traverse Energy Ltd:Closes a first tranche of its previously announced non-brokered private placement of common shares of the corporation issued on a flow through basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act.Says corporation issued 2,391,250 Shares for gross proceeds of C$2,008,650.Says shares issued are subject to a hold period under applicable securities laws until Apr. 10, 2014.Intends to use the proceeds from the private placement to fund a portion of its exploration and drilling activities in the province of Alberta.  Full Article

Traverse Energy Ltd announces increase in size of private placement financing
Thursday, 5 Dec 2013 12:41pm EST 

Traverse Energy Ltd:Says that due to the oversubscription of its previously announced non-brokered private placement, the Corporation is increasing the size of its private placement of common shares of the Corporation.Says the Corporation shares to be issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act (Canada) at C$0.84 per Share.Says the Corporation will now issue up to 4,000,000 Shares for total gross proceeds of up to C$3,360,000.Says it intends to use the proceeds from the Private Placement to fund a portion of its exploration and drilling activities in the province of Alberta.  Full Article

Traverse Energy Ltd Announces Private Placement Financing
Tuesday, 19 Nov 2013 05:04pm EST 

Traverse Energy Ltd. announced that it intends to complete a non-brokered private placement (the "Private Placement") of up to 2,400,000 common shares of the Corporation ("Shares") to be issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act (Canada) at $0.84 per Share for total gross proceeds of $2,016,000. Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. The Corporation intends to use the proceeds from the Private Placement to fund a portion of its exploration and drilling activities in the province of Alberta.  Full Article

Traverse Energy Ltd Closes Private Placement Financing
Monday, 3 Jun 2013 04:42pm EDT 

Traverse Energy Ltd announced that it has successfully closed its previously announced non-brokered private placement (the Private Placement) of common shares of the Corporation (Shares) issued on a flow through basis within the meaning of the Income Tax Act (Canada) (the Tax Act). The Corporation issued 2,420,000 Shares for total gross proceeds of $1,504,500. Of the total number of Shares issued by the Corporation (750,000 Shares were issued on a flow through basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Tax Act at $0.67 per Share; and 1,670,000 Shares were issued on a flow through basis eligible for the renunciation of Canadian development expenses within the meaning of the Tax Act at $0.60 per Share. The Shares issued are subject to a hold period under applicable securities laws until October 4, 2013. The Corporation intends to use the proceeds from the Private Placement to fund a portion of its exploration drilling activities in the province of Alberta.  Full Article

Traverse Energy Ltd Announces Private Placement Financing
Thursday, 23 May 2013 04:29pm EDT 

Traverse Energy Ltd announced that it intends to complete a non-brokered private placement (the Private Placement) to a single investor of up to 2,420,000 common shares of the Corporation ("Shares") for total gross proceeds of $1,504,500. Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. The Corporation intends to use the proceeds from the Private Placement to fund a portion of its exploration and drilling activities in the province of Alberta.  Full Article

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