Gale Force Petroleum (GFPMF) 0.0375 $GFPMF Montana

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Jun 8, 2016 at 6:04 AM

Gale Force Petroleum (GFPMF) 0.0375 $GFPMF

Montana Exploration Corp. and Gale Force Petroleum Inc. Complete Arrangement, Debt Conversions
CNW Group - Fri Sep 18, 6:20PM CDT
Montana Exploration Corp. ("Montana"

(TSXV:MTZ) and Gale Force Petroleum Inc. ("Gale Force"

(TSXV:GFP) (OTCQX:GFPMF) are pleased to announce that they have completed the plan of arrangement (the "Arrangement"

, pursuant to which Montana has acquired all of the issued and outstanding shares of Gale Force in exchange for common shares of Montana (the "Common Shares"

. Simultaneously, CA$9,304,364 of Montana's secured debts and CA$374,141 of Gale Force's short-term debts (including directors' fees, trade account payables and severance pay) were converted into Common Shares.
GFP.VN: 0.030 (unch), MTZ.VN: 0.065 (+0.015)

Gale Force Petroleum Inc. Security Holders Approve Arrangement with Montana Exploration Corp.
CNW Group - Wed Sep 09, 7:46PM CDT
Gale Force Petroleum Inc. ("Gale Force" or the "Company"

(TSXV:GFP) (OTCQX:GFPMF) and Montana Exploration Corp. ("MTZ"

(TSXV:MTZ) are pleased to announce that at the special meeting of the Gale Force securityholders (the "GFP Securityholders"

held on September 8, 2015, the GFP Securityholders approved the previously announced plan of arrangement (the "Arrangement"

pursuant to which MTZ will acquire all of the issued and outstanding shares of Gale Force in exchange for common shares of Montana. In addition, the holders of common shares of Gale Force approved a reduction of the legal stated capital account in respect of such common shares in order to permit the conditions necessary for the implementation of the Arrangement to be satisfied.
GFP.VN: 0.030 (unch), MTZ.VN: 0.065 (+0.015)

Montana Exploration Corp. to acquire Gale Force Petroleum Inc. and consolidate land position in Montana
CNW Group - Wed Jun 24, 7:12PM CDT
Montana Exploration Corp. ("MTZ"

(TSXV:MTZ) and Gale Force Petroleum Inc. ("Gale Force" or "GFP"

) (TSXV:GFP) (OTCQX:GFPMF) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement"

pursuant to which MTZ will acquire all of the issued and outstanding common shares (the "GFP Common Shares"

and Series III preferred shares (the "GFP Preferred Shares"

of Gale Force by way of a statutory plan of arrangement under the Canada Business Corporations Act (the "Arrangement"

. The purpose of the Arrangement is to combine the Shaunavon oil and Eagle gas exploration and development potential on MTZ's substantial land base in Montana with the cash resources of Gale Force.
GFP.VN: 0.030 (unch), MTZ.VN: 0.065 (+0.015)

Gale Force Sells 80% of Pine Mills Properties, Pays Down All Remaining Debts, Increases Cash Position
CNW Group - Wed Jun 03, 2:51PM CDT
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company"

today announced that it has concluded the sale of an 80% working interest in its Pine Mills properties in Wood County, Texas. The Company retained a non-operated 20% working interest in the Pine Mills properties.
GFP.VN: 0.030 (unch)

Gale Force Announces Thunder Secured Note Collection
CNW Group - Mon May 11, 5:03PM CDT
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company"

today announced that it has received US$450,000 cash for the full and final repayment of the Note Receivable secured by the Thunder properties (the "Note"

and for the purchase of overriding royalty interests in the same properties (the "ORRI"

. The transaction whereby the Note was originally issued to the Company and whereby the Company had reserved the ORRI was previously announced on November 17, 2014. The Company had assigned no value to the ORRI in its financial statements; however, the Note was booked at its face value of $500,000, so the balance of $50,000 was written down as part of the transaction.
GFP.VN: 0.030 (unch)

Gale Force announces sale of Catfish Creek interests
CNW Group - Fri May 08, 1:02PM CDT
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company"

today announced that it has sold its remaining interests in the Catfish Creek properties in Henderson & Anderson Counties, Texas, for US$750,000.
GFP.VN: 0.030 (unch)

Gale Force Announces Working Interest Purchase, Secured Loan
CNW Group - Tue Apr 28, 10:00AM CDT
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company"

today announced that it has purchased an additional 10% working interest in its Pine Mills properties in Wood County, Texas, for US$200,000.00 and the mutual release of all claims. This increases the Company's ownership to an approximate 99% working interest throughout the properties.
GFP.VN: 0.030 (unch)

Gale Force Announces Shareholder Meeting Results
CNW Group - Thu Dec 18, 11:31AM CST
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company"

today announced the results of its Annual and Special Meeting of its shareholders, held earlier today.
GFP.VN: 0.030 (unch)

Gale Force receives escrowed funds from Texas Reef sale
CNW Group - Mon Nov 24, 10:19AM CST
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) ("Gale Force" or the "Company"

today announced that it has received payment of US$480,000 of the US$567,000 held in escrow following the sale of a majority working interest in the Company's Texas Reef Properties in Henderson and Anderson Counties, Texas, previously announced on August 27, 2014. An amount of US$87,000 remains in escrow pending further title investigation.
GFP.VN: 0.030 (unch)

Gale Force Reduces Overhead Costs, To Issue Securities
CNW Group - Tue Nov 18, 7:00AM CST
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) ("Gale Force" or the "Company"

today announced that it has reorganized its corporate structure to reflect the declining size of its operations, as it continues to execute its plans to sell properties to free-up capital.
GFP.VN: 0.030 (unch)

Gale Force closes Thunder Properties sale
CNW Group - Mon Nov 17, 3:15PM CST
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) ("Gale Force" or the "Company"

today announced that it has sold its 50% working interest in the Thunder Properties in South Texas to the other owner of the properties (the "Buyer"

, for $550,000 cash and the restructuring of debts owed to Gale Force by Buyer.
GFP.VN: 0.030 (unch)

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