for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Galileo Exploration Ltd

GXL.V

Latest Trade

0.04CAD

Change

0.00(0.00%)

Volume

2,000

Today's Range

0.04

 - 

0.04

52 Week Range

0.01

 - 

0.06

As of on the TSX Venture Exchange ∙ Minimum 15 minute delay

Latest Developments

Galileo Exploration Ltd - Ronald A. Rieder Has Resigned As President, CEO And A Director Of Company

June 27 (Reuters) - Galileo Exploration Ltd <GXL.V>::GALILEO EXPLORATION LTD - RONALD A. RIEDER HAS RESIGNED AS PRESIDENT, CEO AND A DIRECTOR OF COMPANY.GALILEO EXPLORATION LTD - DIRECTOR JOHN KANDERKA WILL ASSUME ROLE OF ACTING CEO OF COMPANY.

Galileo acquires option to purchase Signal Gold Property in Nevada

Sept 14 (Reuters) - Galileo Exploration Ltd <GXL.V>:Galileo Exploration Ltd acquires option to purchase 100 pct of the signal gold property, Eureka District, Nevada, USA.

Galileo Petroleum Ltd announces debt settlement by issuing shares

Galileo Petroleum Ltd:Says that it plan to undertake a shares for debt settlement arrangement to retire indebtedness in aggregate amount of C$295,654 to certain creditors, which include directors and executive officers of the company.By issuing total of 5,913,080 common shares of the company at issue price of C$0.05 per share on or before June 30.

Portal Resources Ltd Announces Closings of Acquisition and Disposition of Saskatchewan Oil and Gas Assets

Portal Resources Ltd announced that, further to its news release of December 20, 2011, it completed today the acquisition of the oil and gas production assets in west central Saskatchewan (the "Assets") for a total purchase price of $8.3 million. The purchase consideration was paid all in cash (and no shares of Portal as previously contemplated). Pursuant to an agreement with a company listed on the TSX Venture Exchange, Portal then disposed of the Assets for a total sale price of $8.8 million.

Portal Resources Ltd Announces Amended Acquisition Terms On Saskatchewan Oil And Gas Asset Purchase

Portal Resources Ltd announced that the terms of the Company's proposed acquisition of oil and gas production assets in West Central Saskatchewan have been amended. Changes to the Purchase and Sale Agreement (P&SA) consist of the following: the purchase price will now be $8.3 million (previously $9.1 million); the seller will be issued $300,000 of common shares of the Company at $0.11 per share as a portion of the purchase price; the $500,000 non-refundable deposit previously paid plus interest will be credited to the purchase price; and the effective date and closing date of the transaction have been moved to January 1, 2012 and January 31, 2012 respectively (previously August 1 and November 30, 2011).

Portal Resources Ltd Completes Private Placement

Portal Resources Ltd announced that it has completed the second and final tranche of a previously announced non-brokered private placement by issuing 4,175,000 units at a price of $0.20 per Unit and 64,000 units at a price of $0.25 per Flow-Through Unit for aggregate gross proceeds of $851,000. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant. Each A Warrant is exercisable for one common share of the Company at a price of $0.25 until May 30, 2012.

Pinetree Capital LTD Acquires Securities of Portal Resources Ltd.

Pinetree Capital LTD announced that on May 24, 2011, it acquired ownership of 2,000,000 common shares (Common Shares) and 1,000,000 common share purchase warrants (Warrants) of Portal Resources Ltd. (Portal). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.25 until May 20, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 6.6% of the total issued and outstanding common shares of Portal as of May 24, 2011, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at May 24, 2011, an aggregate of 6,000,500 common shares of Portal, including the Common Shares, and the Warrants. This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Portal depending on market conditions or any other relevant factor.

Portal Resources Ltd Completes First Tranche Private Placement

Portal Resources Ltd announced that it has completed a first tranche of a previously announced non-brokered private placement (the Private Placement) by issuing 5,977,500 units (Units) at a price of $0.20 per Unit and 1,740,000 units (Flow-Through Units) at a price of $0.25 per Flow-Through Unit for aggregate gross proceeds of $1,630,500. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, an A Warrant). Each A Warrant is exercisable for one common share of the Company at a price of $0.25 until May 20, 2012. Each Flow-Through Unit consisted of one common share of the Company issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole common share purchase warrant, a B Warrant). Each B Warrant is exercisable for one common share of the Company at a price of $0.35 until May 20, 2012. The Company anticipates closing the final tranche of the Private Placement by the end of May.

Portal Resources Ltd Announces $4 Million Private Placement

Portal Resources Ltd announced a non-brokered private placement consisting of a maximum of 10,000,000 units (Units) at a price of $0.20 per Unit and a maximum of 8,000,000 units (Flow-Through Units) at a price of $0.25 per Flow-Through Unit for aggregate gross proceeds of up to $4,000,000 (the Private Placement). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, an A Warrant). Each A Warrant will be exercisable for one common share of the Company at a price of $0.25 for one year from the date of issuance. Each Flow-Through Unit will consist of one common share of the Company to be issued on a 'flow-through' basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole common share purchase warrant, a B Warrant). Each B Warrant will be exercisable for one common share of the Company at a price of $0.35 for one year from the date of issuance. The net proceeds of the Private Placement will be used for exploration and development of the Company's oil and gas projects and for working capital.

Portal Resources Ltd Enters Birdbear Oil Play In West Central Saskatchewan

Portal Resources Ltd announced that it has entered into an agreement to participate in the development of an oil play in west central Saskatchewan. Under the terms of the agreement between Portal and a private, Canadian oil and natural gas producer, Portal has the right to earn a 25%, non operating, working interest in a total of four sections of land (2,560 acres). A 25% working interest in the first two sections will be earned by participating in, and paying a 50% cost share of, the drilling of one vertical and one horizontal well. An interest in an additional two sections of land will be earned with participation on a straight up basis (25% of costs for a 25% working interest). Drilling operations are scheduled to commence after spring breakup. Completion operations will consist of an acid wash and squeeze using coil tubing prior to the commencement of production.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up