Latest Canadian Quantum Ene (CQUTF) Headlines
Canadian Quantum Announces Closing of Private Placement and Appointment of New Auditor
Marketwire - Fri Dec 20, 3:12PM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that it has completed the previously announced non-brokered private placement offering of 2,400,000 common shares at a price of $0.05 per share, for gross proceeds of $120,000, subject to TSX Venture Exchange final approval. The common shares issued in connection with the offering are subject to a hold period that expires on April 21, 2014. The net proceeds from the offering will be used for general working capital purposes.
Focus Gold Announces New Business Roll-Up
Marketwire - Thu Dec 19, 11:31AM CST
Focus Gold Corp. (OTCQB: FGLD) today announced that it has begun to implement its planned roll-up of accounts receivable management companies and has formed two wholly-owned subsidiaries, Focus Gold Financial Corp., which will focus on the retail collections market, and Focus Gold Commercial Resolution, which will focus on the commercial recovery market. According to Michael Gelmon, new CEO of FGLD: "The receivables management market segment is a fast growing market segment with a projected 23% rate of growth through 2016, according to the Bureau of Labor Statistics. The industry averages about 20 percent recovery on delinquent debt, and, on a nationwide basis, businesses placed more than $150 billion in debt value for collection in 2010, with about $40 billion actually collected. There are very few publicly-traded collection companies, and we see the opportunity to roll-up both commercial and consumer collection agencies, which are largely fragmented and ripe for a roll-up strategy."
Canadian Quantum Announces Proposed Private Placement
Marketwire - Tue Dec 17, 5:30PM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that it intends to complete a non-brokered private placement offering of common shares at a price of $0.05 per share, for gross proceeds of up to $120,000.
Canadian Quantum Announces Grant of Replacement Permit
Marketwire - Tue Nov 05, 3:07PM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that Indian Oil and Gas Canada has issued a new Permit effective November 1, 2013 with respect to the lands on the Alexander Indian Reserve No 134. The new Permit replaces the old Permit on the same lands that has been cancelled and therefore the Company's interest in the Alexander lands remains unchanged.
Canadian Quantum Announces Completion of Lower Mannville Oil
Marketwire - Fri Sep 20, 9:08AM CDT
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announces the following update on the Company's ALEX 102/16-11-56-27W4 well ("102/16-11 Well").
Canadian Quantum Closes Debenture Amendment
Marketwire - Mon Jul 15, 12:52PM CDT
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Corporation") (TSX VENTURE: CQM) announced today that the Corporation has completed an amendment (the "Amendment") to the outstanding convertible debentures ("Debentures") in the aggregate principal amount of $1,500,000, as previously disclosed on May 31, 2012 and November 12, 2013, subject to TSX Venture Exchange final approval. Pursuant to the Amendment, the aggregate principal amount of the Debentures was increased by an additional aggregate amount of $150,000 and the conversion price was reduced to $0.10 per share for the remainder of the term. Interest on the outstanding balance will now be payable on the earlier of the maturity date of May 30, 2014 or upon conversion of the Debentures into shares, rather than being paid monthly. In addition, the Corporation has agreed not to sell its current interest in the four permits in the St. Lawrence Lowlands, Quebec Utica Shale Play, without the prior consent of the holders of the Debentures. All o
Canadian Quantum Updates Alexander Project
Marketwire - Mon Mar 04, 7:03AM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that its recently drilled Alexander 16A-11 56-27 W4 well ("16A-11 Well") is currently standing cased and will remain shut in pending further well log analysis and additional re-processing of the 16 square mile 3D seismic program. To date, only the Detrital zone has been perforated, but has not been fraced. Pending the re-evaluation of the 16A-11 Well and seismic, Canadian Quantum and its area partner, Sundance Energy Corporation will determine the potential commerciality of undertaking further completions on the Detrital formation and / or completing the Alexander formation. Utilizing the information obtained from the original 16-11 Well and the re-processed 3D seismic data, numerous additional drilling locations have been identified on the Company's jointly held 27 section Alexander permit. In addition to the Detrital and Alexander formations, Canadian Quantum is evaluating the potential for commerc
Canadian Quantum Cases Alexander Well
Marketwire - Tue Dec 18, 7:30AM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that the 16A-11-56-27W4 well (16A-11) has now been drilled, logged and cased as a potential oil well. Completion of the 16A-11 well will commence early in January. Canadian Quantum has a 20% interest in the 16A-11 well, a 25% working interest in the next two wells and a 50% working interest in the balance of the 27 section Alexander Property.
Canadian Quantum Announces Closing of Private Placement and Appointment of New Auditor
Marketwire - Fri Dec 20, 3:12PM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that it has completed the previously announced non-brokered private placement offering of 2,400,000 common shares at a price of $0.05 per share, for gross proceeds of $120,000, subject to TSX Venture Exchange final approval. The common shares issued in connection with the offering are subject to a hold period that expires on April 21, 2014. The net proceeds from the offering will be used for general working capital purposes.
Focus Gold Announces New Business Roll-Up
Marketwire - Thu Dec 19, 11:31AM CST
Focus Gold Corp. (OTCQB: FGLD) today announced that it has begun to implement its planned roll-up of accounts receivable management companies and has formed two wholly-owned subsidiaries, Focus Gold Financial Corp., which will focus on the retail collections market, and Focus Gold Commercial Resolution, which will focus on the commercial recovery market. According to Michael Gelmon, new CEO of FGLD: "The receivables management market segment is a fast growing market segment with a projected 23% rate of growth through 2016, according to the Bureau of Labor Statistics. The industry averages about 20 percent recovery on delinquent debt, and, on a nationwide basis, businesses placed more than $150 billion in debt value for collection in 2010, with about $40 billion actually collected. There are very few publicly-traded collection companies, and we see the opportunity to roll-up both commercial and consumer collection agencies, which are largely fragmented and ripe for a roll-up strategy."
Canadian Quantum Announces Proposed Private Placement
Marketwire - Tue Dec 17, 5:30PM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that it intends to complete a non-brokered private placement offering of common shares at a price of $0.05 per share, for gross proceeds of up to $120,000.
Canadian Quantum Announces Grant of Replacement Permit
Marketwire - Tue Nov 05, 3:07PM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that Indian Oil and Gas Canada has issued a new Permit effective November 1, 2013 with respect to the lands on the Alexander Indian Reserve No 134. The new Permit replaces the old Permit on the same lands that has been cancelled and therefore the Company's interest in the Alexander lands remains unchanged.
Canadian Quantum Announces Completion of Lower Mannville Oil
Marketwire - Fri Sep 20, 9:08AM CDT
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announces the following update on the Company's ALEX 102/16-11-56-27W4 well ("102/16-11 Well").
Canadian Quantum Closes Debenture Amendment
Marketwire - Mon Jul 15, 12:52PM CDT
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Corporation") (TSX VENTURE: CQM) announced today that the Corporation has completed an amendment (the "Amendment") to the outstanding convertible debentures ("Debentures") in the aggregate principal amount of $1,500,000, as previously disclosed on May 31, 2012 and November 12, 2013, subject to TSX Venture Exchange final approval. Pursuant to the Amendment, the aggregate principal amount of the Debentures was increased by an additional aggregate amount of $150,000 and the conversion price was reduced to $0.10 per share for the remainder of the term. Interest on the outstanding balance will now be payable on the earlier of the maturity date of May 30, 2014 or upon conversion of the Debentures into shares, rather than being paid monthly. In addition, the Corporation has agreed not to sell its current interest in the four permits in the St. Lawrence Lowlands, Quebec Utica Shale Play, without the prior consent of the holders of the Debentures. All o
Canadian Quantum Updates Alexander Project
Marketwire - Mon Mar 04, 7:03AM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that its recently drilled Alexander 16A-11 56-27 W4 well ("16A-11 Well") is currently standing cased and will remain shut in pending further well log analysis and additional re-processing of the 16 square mile 3D seismic program. To date, only the Detrital zone has been perforated, but has not been fraced. Pending the re-evaluation of the 16A-11 Well and seismic, Canadian Quantum and its area partner, Sundance Energy Corporation will determine the potential commerciality of undertaking further completions on the Detrital formation and / or completing the Alexander formation. Utilizing the information obtained from the original 16-11 Well and the re-processed 3D seismic data, numerous additional drilling locations have been identified on the Company's jointly held 27 section Alexander permit. In addition to the Detrital and Alexander formations, Canadian Quantum is evaluating the potential for commerc
Canadian Quantum Cases Alexander Well
Marketwire - Tue Dec 18, 7:30AM CST
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX VENTURE: CQM) announced today that the 16A-11-56-27W4 well (16A-11) has now been drilled, logged and cased as a potential oil well. Completion of the 16A-11 well will commence early in January. Canadian Quantum has a 20% interest in the 16A-11 well, a 25% working interest in the next two wells and a 50% working interest in the balance of the 27 section Alexander Property.
