$GEEPF
Greenfields Petroleum Corporation Announces Financial Results for the Three and Six Months Ended June 30, 2016, Operations Update and Conversion of Debentures
Marketwire Canada - Fri Aug 26, 4:48PM CDT
HOUSTON, TEXAS--(Marketwired - Aug 26, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF), an independent exploration and production company with producing assets in Azerbaijan, announces its financial results and operating highlights for the second quarter of 2016. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars.
GNF.VN: 0.245 (-0.055)
Greenfields Petroleum Corporation Announces Results of Annual General Meeting of Shareholders and Meeting of Debentureholders
Marketwire Canada - Fri Aug 19, 6:01AM CDT
HOUSTON, TEXAS--(Marketwired - Aug 19, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) is pleased to announce the results from the annual general meeting of holders ("Shareholders" of common shares of the Company ("Common Shares" and the meeting of holders ("Debentureholders" of 9.00% convertible unsecured subordinated debentures of the Company due May 31, 2017 (the "Debentures".
GNF.VN: 0.245 (-0.055)
Greenfields Petroleum Corporation Announces Loan Restructuring
Marketwire Canada - Wed Aug 10, 6:00PM CDT
HOUSTON, TEXAS--(Marketwired - Aug 10, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields" (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) announces the following:
GNF.VN: 0.245 (-0.055)
Greenfields Petroleum Corporation Completes Acquisition of Remaining 2/3 Interest in Bahar Energy Limited
Marketwire Canada - Tue Aug 09, 4:01PM CDT
HOUSTON, TEXAS--(Marketwired - Aug 9, 2016) - 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., has closed the previously announced acquisition of Baghlan Group Limited's ("Baghlan" 2/3 interest in Bahar Energy Limited ("BEL" and Baghlan's interest in a shareholder loan receivable due from BEL to Baghlan (the "Acquisition". With the completion of the Acquisition, BEL has become a wholly-owned subsidiary of the Company. The aggregate consideration paid for the Acquisition included a cash payment of USD$6.0 million, and release and discharge of all 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, Bahar Energy Operating Company Limited ("BEOC" and/or Greenfields by Baghlan (the "Default Obligations". Greenfields estimates the Default Obligations to be an aggregate of USD$60.3 million as at June 30, 2016.
GNF.VN: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
Greenfields Petroleum Corporation Announces Financial Results for the Three and Six Months Ended June 30, 2016, Operations Update and Conversion of Debentures
Marketwire Canada - Fri Aug 26, 4:48PM CDT
HOUSTON, TEXAS--(Marketwired - Aug 26, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF), an independent exploration and production company with producing assets in Azerbaijan, announces its financial results and operating highlights for the second quarter of 2016. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars. GNF.VN: 0.245 (-0.055)
Greenfields Petroleum Corporation Announces Results of Annual General Meeting of Shareholders and Meeting of Debentureholders
Marketwire Canada - Fri Aug 19, 6:01AM CDT
HOUSTON, TEXAS--(Marketwired - Aug 19, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) is pleased to announce the results from the annual general meeting of holders ("Shareholders" of common shares of the Company ("Common Shares" and the meeting of holders ("Debentureholders" of 9.00% convertible unsecured subordinated debentures of the Company due May 31, 2017 (the "Debentures". GNF.VN: 0.245 (-0.055)
Greenfields Petroleum Corporation Announces Loan Restructuring
Marketwire Canada - Wed Aug 10, 6:00PM CDT
HOUSTON, TEXAS--(Marketwired - Aug 10, 2016) - Greenfields Petroleum Corporation (the "Company" or "Greenfields"
(TSX VENTURE:GNF)(TSX VENTURE:GNF.DB) announces the following: GNF.VN: 0.245 (-0.055)
Greenfields Petroleum Corporation Completes Acquisition of Remaining 2/3 Interest in Bahar Energy Limited
Marketwire Canada - Tue Aug 09, 4:01PM CDT
HOUSTON, TEXAS--(Marketwired - Aug 9, 2016) - 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., has closed the previously announced acquisition of Baghlan Group Limited's ("Baghlan" 2/3 interest in Bahar Energy Limited ("BEL" and Baghlan's interest in a shareholder loan receivable due from BEL to Baghlan (the "Acquisition". With the completion of the Acquisition, BEL has become a wholly-owned subsidiary of the Company. The aggregate consideration paid for the Acquisition included a cash payment of USD$6.0 million, and release and discharge of all 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, Bahar Energy Operating Company Limited ("BEOC" and/or Greenfields by Baghlan (the "Default Obligations". Greenfields estimates the Default Obligations to be an aggregate of USD$60.3 million as at June 30, 2016. GNF.VN: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
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: 0.245 (-0.055)
