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One of thousands of farmers across the Prairies, Ken Harper maneuvers his combine into place as the sun quickly sets on a field of his barley. With hot weather recorded for much of September many producers now have most of this year's harvest in the bin. More pictures in this week's paper. ©Provost News Photo.
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Hawk Invests in Provost Properties With $13 Million Purchase
• Exploration firm announces completion of bought deal financing and execution of definitive agreement in respect of Provost acquisition
CALGARY.—(CNW) Hawk Exploration Ltd. has completed a previously announced bought deal private placement of subscription receipts with a syndicate of underwriters. Including the over-allotment option, which was exercised by the underwriters in full, a total of 12,380,953 subscription receipts were sold at $1.05 per subscription receipt for aggregate gross proceeds of approximately $13 million.
Hawk has entered into a definitive agreement in connection with the previously announced acquisition of certain producing properties in the Provost area of Alberta for cash consideration of $13 million, before closing adjustments and related costs. The acquisition has an effective date of August 1, with an expected closing date of September 30 (today).
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If the acquisition is not completed on or before October 15, 2009 or the definitive agreement in respect of the acquisition is terminated on an earlier date, holders of subscription receipts will receive within three business days of October 15 or the termination date, a cash payment equal to the offering price of the subscription receipts and any interest that was earned thereon during the term of the escrow.
Hawk is a newly formed company engaged in the exploration, development and production of conventional crude oil and natural gas in western Canada and is based in Calgary, Alberta.
The corporation's board of directors is comprised of Steve Fitzmaurice (chairman), Thomas Buchanan, Mike Shaikh, Gregory Turnbull, and John Wright. The management team includes Fitzmaurice (president and CEO), Dennis Jamieson (chief financial officer), Dave Bonnar (vice president, business development), Randy Deobald (vice president, exploration), and Erik DeWiel (vice president, land and corporate secretary), a majority of whom led the growth of two previous companies, Hawk Energy Corp. and Hawk Oil Inc.
Complete story in September 30 edition of The Provost News.
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‘Deficits Nothing to be Proud of’ — Premier, Addressing Newspaper Editors and Publishers
but. . . encouraging signs that the economy is starting to pick up
Premier Ed Stelmach addressed members of the Alberta Weekly Newspapers Association (AWNA) at its annual general meeting and convention recently in Edmonton.
Here is the text of his talk:
“It's been exactly one year since I last spoke to your group.
Our world has changed a lot since then.
The recession may or may not be coming to an end, depending on who you listen to.
Health officials are preparing for a possible second wave of H1N1 now that kids are back in school.
Full story in September 30 edition of The Provost News.
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New Playground Set up at Provost Public School
See photo in September 30 edition of The Provost News.
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Street Spokesman
This week we ask : "Are You Concerned About Getting the H1N1 Virus?"
. . . and we heard answers from Melissa Erickson, Amie Roadhouse, Mike Ratzlaff and Nickole Pimlott . Check out the September 30 edition of The Provost News for their answers.
Want to Subscribe to The Provost News? Click here. |
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This, along with many other stories and pictures can be found in this week's edition of The Provost News.
Subscribe to the award winning paper by clicking on this link and following the instructions on our secure on-line ordering centre.
Take me to the Secure On-Line Ordering Centre
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