Greenfields Petroleu (GEEPF) 0.1970 $GEEPF
Greenfields Petroleum Corporation Announces Third Deferral of Payment of Interest Under the Outstanding Convertible Unsecured Subordinated Debentures
Marketwired - Tue May 31, 4:02PM CDT
HOUSTON, TEXAS--(Marketwired - May 31, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) announces that it has secured temporary relief from the interest payments related to the debenture indenture (the "Indenture" governing the 9.0% convertible unsecured debentures (the "Debentures" by way of a waiver from the holders ("Debentureholders" of more than 50% of the principal amount of the Debentures.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Financial Results for the Three Months Ended March 31, 2016 and Operations Update
Marketwired - Fri May 27, 4:15PM CDT
HOUSTON, TEXAS--(Marketwired - May 27, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB), an independent exploration and production company with producing assets in Azerbaijan, announces its financial results and operating highlights for the first quarter 2016. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Extension of Maturity Date Under its Senior Secured Debt
Marketwire Canada - Tue May 17, 7:02AM CDT
HOUSTON, TEXAS--(Marketwired - May 17, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) announces that it has signed a Sixth Amending Agreement that extends the maturity date under the loan agreement dated November 25, 2013 ("Loan Agreement" with its senior lender ("Lender" until June 30, 2016. The sixth extension is intended to allow additional time for the Company's wholly owned subsidiary, Greenfields Petroleum International Company Ltd. ("GPIC", to complete the acquisition ("Acquisition" of the balance of the Bahar Energy Limited shares not currently owned by GPIC as announced in the Company's press release of March 8, 2016, to implement the debenture conversion previously addressed in the Company's press release of March 8, 2016 (the "Debenture Conversion", and to complete the restructuring of the loan principal amount of $27 million plus accrued and unpaid interest originally due December 31, 2015 (together with the Debenture Conversion, the "Restructuring Transaction". Interest will continue to accrue on the principal of the loan at rates ranging from 15% to 20%. Unpaid interest accrued as of January 31, 2016 shall bear interest at a rate of 17.04% until the maturity date. The Company intends on completing the Acquisition in early June 2016 and intends on completing the Restructuring Transaction in late June 2016 or early July 2016.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Financial and Operating Results for the Year-Ended December 31, 2015
Marketwired - Fri Apr 29, 4:31PM CDT
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE: GNF) (TSX VENTURE: GNF.DB) is pleased to report its financial and operating results for the fourth quarter and year-ended December 31, 2015. Selected financial and operational information is set forth below and should be read in conjunction with the Company's December 31, 2015 audited annual financial statements and the related management's discussion and analysis ("MD&A", which are available for review at www.sedar.com or on the Company's website at www.greenfields-petroleum.com.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Settlement of Subordinated Revolving Loan with Heaney Assets Corp.
Marketwired - Tue Apr 12, 4:01PM CDT
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) is pleased to announce that it has entered into a definitive agreement ("Definitive Agreement" with Heaney Assets Corp. ("Heaney" to settle all amounts outstanding under the Subordinated Revolving Loan Agreement (the "Loan Agreement" dated June 27, 2014, as amended, with an original maturity date of June 30, 2018. Under the terms of the Definitive Agreement, Greenfields will issue 11,500,000 common shares of the Company ("Common Shares" to Heaney in full satisfaction of all amounts outstanding under the Loan Agreement, including principal in the amount of USD$20,834,705 and accrued interest.
GNF.VN: 0.300 (-0.050)
IIROC Trade Resumption - Greenfields Petroleum Corporation
Newsfile Corp - Tue Mar 08, 9:21AM CST
Trading resumes in:
Greenfields Petroleum Corporation Announces Execution of Agreement to Consolidate Interest in Bahar Energy Limited and Restructuring Transaction
Marketwired - Tue Mar 08, 7:03AM CST
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) is pleased to announce that it, through its wholly-owned subsidiary, Greenfields Petroleum International Company Ltd. ("GPIC", has entered into a share purchase agreement with Baghlan Group Limited (in liquidation) (acting by its liquidator, John Ayres, as agent and without personal liability) ("Baghlan" and its liquidator as agent for and on behalf of Baghlan (the "Liquidator", pursuant to which, GPIC has agreed to purchase Baghlan's 2/3 interest (the "Interest" in Bahar Energy Limited ("BEL" and Baghlan's interest in a shareholder loan receivable due from BEL to Baghlan (the "Acquisition". BEL is a company incorporated in Dubai and is currently the sole shareholder of Bahar Energy Operating Company Limited ("BEOC", the operating entity of the Company's project in Azerbaijan (the "Project". The aggregate consideration payable by GPIC for the Acquisition includes a cash payment of USD$6.0 million, and a release and discharge of liabilities, claims and demands in relation to certain default loan amounts and any and all other obligations, liabilities, claims or demands of any kind owed to BEL, BEOC and/or Greenfields by Baghlan (the "Default Obligations". Greenfields estimates the Default Obligations to be an aggregate of USD$57.6 million. Upon completion of the Acquisition, BEL will become a wholly-owned subsidiary of the Company. USD$6.0 million has been placed into escrow pending satisfaction of certain conditions to the completion of the Acquisition. Greenfields anticipates closing of the Acquisition to occur within 3 months of the date of this news release. Completion of the Acquisition is subject to certain closing conditions, including, without limitation, receipt of the approval of the TSX Venture Exchange (the "TSXV" and other necessary regulatory approvals.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Second Extension of Maturity Date Under Its Senior Secured Debt
Marketwired - Mon Feb 01, 4:00PM CST
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE: GNF) (TSX VENTURE: GNF.DB) announces that it has signed a Third Amending Agreement that extends the maturity date under the loan agreement dated November 25, 2013 ("Loan Agreement" with an arm's length third party ("Lender" until February 29, 2016. The second extension is intended to allow the Company additional time to evaluate refinancing options, including negotiating the restructuring of the loan principal amount of $27 million plus accrued and unpaid interest originally due December 31, 2015. Interest will continue to accrue on the principal of the loan at rates ranging from 15% to 20%. Unpaid interest accrued as of January 31, 2016 shall bear interest at a rate of 17.04% until maturity date.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Deferral of Payment of Interest Under the Outstanding Convertible Unsecured Subordinated Debentures
Marketwired - Fri Dec 04, 3:55PM CST
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) announces that it has secured temporary relief from the interest payments related to the debenture indenture (the "Indenture" governing the 9.0% convertible unsecured debentures (the "Debentures" by way of a waiver from the holders of more than 50% of the principal amount of the Debentures.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Temporary Deferral of Payment of Interest Under the Outstanding Convertible Unsecured Subordinated Debentures
Marketwired - Tue Jun 30, 5:01PM CDT
Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) announces that it has secured temporary relief from its May 31, 2015 interest payment related to the debenture indenture (the "Indenture" governing the 9.0% convertible unsecured debentures (the "Debentures" by way of a waiver from the holders of more than 50% of the principal amount of the Debentures.
GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Third Deferral of Payment of Interest Under the Outstanding Convertible Unsecured Subordinated Debentures
Marketwired - Tue May 31, 4:02PM CDT
HOUSTON, TEXAS--(Marketwired - May 31, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) announces that it has secured temporary relief from the interest payments related to the debenture indenture (the "Indenture" governing the 9.0% convertible unsecured debentures (the "Debentures" by way of a waiver from the holders ("Debentureholders" of more than 50% of the principal amount of the Debentures. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Financial Results for the Three Months Ended March 31, 2016 and Operations Update
Marketwired - Fri May 27, 4:15PM CDT
HOUSTON, TEXAS--(Marketwired - May 27, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF)(TSX VENTURE:GNF.DB), an independent exploration and production company with producing assets in Azerbaijan, announces its financial results and operating highlights for the first quarter 2016. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Extension of Maturity Date Under its Senior Secured Debt
Marketwire Canada - Tue May 17, 7:02AM CDT
HOUSTON, TEXAS--(Marketwired - May 17, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) announces that it has signed a Sixth Amending Agreement that extends the maturity date under the loan agreement dated November 25, 2013 ("Loan Agreement" with its senior lender ("Lender" until June 30, 2016. The sixth extension is intended to allow additional time for the Company's wholly owned subsidiary, Greenfields Petroleum International Company Ltd. ("GPIC", to complete the acquisition ("Acquisition" of the balance of the Bahar Energy Limited shares not currently owned by GPIC as announced in the Company's press release of March 8, 2016, to implement the debenture conversion previously addressed in the Company's press release of March 8, 2016 (the "Debenture Conversion", and to complete the restructuring of the loan principal amount of $27 million plus accrued and unpaid interest originally due December 31, 2015 (together with the Debenture Conversion, the "Restructuring Transaction". Interest will continue to accrue on the principal of the loan at rates ranging from 15% to 20%. Unpaid interest accrued as of January 31, 2016 shall bear interest at a rate of 17.04% until the maturity date. The Company intends on completing the Acquisition in early June 2016 and intends on completing the Restructuring Transaction in late June 2016 or early July 2016. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Financial and Operating Results for the Year-Ended December 31, 2015
Marketwired - Fri Apr 29, 4:31PM CDT
Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE: GNF) (TSX VENTURE: GNF.DB) is pleased to report its financial and operating results for the fourth quarter and year-ended December 31, 2015. Selected financial and operational information is set forth below and should be read in conjunction with the Company's December 31, 2015 audited annual financial statements and the related management's discussion and analysis ("MD&A", which are available for review at www.sedar.com or on the Company's website at www.greenfields-petroleum.com. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Settlement of Subordinated Revolving Loan with Heaney Assets Corp.
Marketwired - Tue Apr 12, 4:01PM CDT
Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) is pleased to announce that it has entered into a definitive agreement ("Definitive Agreement" with Heaney Assets Corp. ("Heaney" to settle all amounts outstanding under the Subordinated Revolving Loan Agreement (the "Loan Agreement" dated June 27, 2014, as amended, with an original maturity date of June 30, 2018. Under the terms of the Definitive Agreement, Greenfields will issue 11,500,000 common shares of the Company ("Common Shares" to Heaney in full satisfaction of all amounts outstanding under the Loan Agreement, including principal in the amount of USD$20,834,705 and accrued interest. GNF.VN: 0.300 (-0.050)
IIROC Trade Resumption - Greenfields Petroleum Corporation
Newsfile Corp - Tue Mar 08, 9:21AM CST
Trading resumes in:
Greenfields Petroleum Corporation Announces Execution of Agreement to Consolidate Interest in Bahar Energy Limited and Restructuring Transaction
Marketwired - Tue Mar 08, 7:03AM CST
Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) is pleased to announce that it, through its wholly-owned subsidiary, Greenfields Petroleum International Company Ltd. ("GPIC", has entered into a share purchase agreement with Baghlan Group Limited (in liquidation) (acting by its liquidator, John Ayres, as agent and without personal liability) ("Baghlan" and its liquidator as agent for and on behalf of Baghlan (the "Liquidator", pursuant to which, GPIC has agreed to purchase Baghlan's 2/3 interest (the "Interest" in Bahar Energy Limited ("BEL" and Baghlan's interest in a shareholder loan receivable due from BEL to Baghlan (the "Acquisition". BEL is a company incorporated in Dubai and is currently the sole shareholder of Bahar Energy Operating Company Limited ("BEOC", the operating entity of the Company's project in Azerbaijan (the "Project". The aggregate consideration payable by GPIC for the Acquisition includes a cash payment of USD$6.0 million, and a release and discharge of liabilities, claims and demands in relation to certain default loan amounts and any and all other obligations, liabilities, claims or demands of any kind owed to BEL, BEOC and/or Greenfields by Baghlan (the "Default Obligations". Greenfields estimates the Default Obligations to be an aggregate of USD$57.6 million. Upon completion of the Acquisition, BEL will become a wholly-owned subsidiary of the Company. USD$6.0 million has been placed into escrow pending satisfaction of certain conditions to the completion of the Acquisition. Greenfields anticipates closing of the Acquisition to occur within 3 months of the date of this news release. Completion of the Acquisition is subject to certain closing conditions, including, without limitation, receipt of the approval of the TSX Venture Exchange (the "TSXV" and other necessary regulatory approvals. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Second Extension of Maturity Date Under Its Senior Secured Debt
Marketwired - Mon Feb 01, 4:00PM CST
Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE: GNF) (TSX VENTURE: GNF.DB) announces that it has signed a Third Amending Agreement that extends the maturity date under the loan agreement dated November 25, 2013 ("Loan Agreement" with an arm's length third party ("Lender" until February 29, 2016. The second extension is intended to allow the Company additional time to evaluate refinancing options, including negotiating the restructuring of the loan principal amount of $27 million plus accrued and unpaid interest originally due December 31, 2015. Interest will continue to accrue on the principal of the loan at rates ranging from 15% to 20%. Unpaid interest accrued as of January 31, 2016 shall bear interest at a rate of 17.04% until maturity date. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Deferral of Payment of Interest Under the Outstanding Convertible Unsecured Subordinated Debentures
Marketwired - Fri Dec 04, 3:55PM CST
Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) announces that it has secured temporary relief from the interest payments related to the debenture indenture (the "Indenture" governing the 9.0% convertible unsecured debentures (the "Debentures" by way of a waiver from the holders of more than 50% of the principal amount of the Debentures. GNF.VN: 0.300 (-0.050)
Greenfields Petroleum Corporation Announces Temporary Deferral of Payment of Interest Under the Outstanding Convertible Unsecured Subordinated Debentures
Marketwired - Tue Jun 30, 5:01PM CDT
Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE: GNF)(TSX VENTURE: GNF.DB) announces that it has secured temporary relief from its May 31, 2015 interest payment related to the debenture indenture (the "Indenture" governing the 9.0% convertible unsecured debentures (the "Debentures" by way of a waiver from the holders of more than 50% of the principal amount of the Debentures. GNF.VN: 0.300 (-0.050)
