
Athabasca Oil Corporation Announces Results from 2025 Annual Shareholder Meeting
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) ('Athabasca' or the 'Company') announces that all matters presented for approval at the Annual General Meeting of Shareholders held May 8, 2025 have been fully authorized and approved. The items on the agenda included fixing the number of directors to be elected at eight, electing eight proposed director nominees and the appointment of Ernst & Young LLP as auditors.
The results of the voting, inclusive of all votes cast and proxies received for each director nominee, which was conducted by ballot, are as follows:
About Athabasca Oil Corporation
Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol 'ATH'. For more information, visit
www.atha.com
.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Montfort Capital Announces Delay in Filing of Q1 2025 Financial Statements and MD&A, Issuance of Cease-Trade Order
TORONTO, June 6, 2025 /CNW/ - Montfort Capital Corp. (TSXV: MONT) ("Montfort" or the "Company") announces a delay in the filing of its financial statements, its management's discussion and analysis, and chief executive officer and chief financial officer certificates for the three-months ended March 31, 2025 (the "Required Filings"), which were due to be filed by May 30, 2025 under applicable Canadian securities law requirements. The Company advises that the delay to the Required Filings is a result of the delays in completing its audited annual consolidated financial statements, management's discussion and analysis and chief executive officer and chief financial officer certificates for the year-ended December 31, 2024 (the "Annual Filings") by the statutory deadline of April 30, 2025. Upon filing of the Annual Filings to the Company's SEDAR+ profile on May 27, 2025, the Ontario Securities Commission issued a revocation order on May 28, 2025 for the failure-to-file cease trade order it issued on May 7, 2025. The Company expects to file the Required Filings by the end of June 2025 and will issue a news release announcing completion of such filings at such time. Issuance of Cease-Trade Order As a result of the Company's failure to file the Required Filings by May 30, 2025, the Ontario Securities Commission (the "OSC") issued a failure-to-file cease trade order (the "FFCTO") to the Company on June 5, 2025. The FFCTO prohibits the trading by any person of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer, for as long as the FFCTO remains in effect, subject to the following exception. The FFCTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of June 5, 2025) insiders or control persons of the Company and who sell securities of the Company acquired before June 5, 2025 if both of the following criteria are met: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The OSC has informed the Company that if the default is remedied within 90 days of the date of the FFCTO, including any interim financial statements, MD&A and certifications that subsequently became due, the filing of the Required Filings will constitute the application to revoke the FFCTO. On Behalf of the Board of Directors: Ken Thomson, Director & Chief Executive OfficerMontfort Capital Corp. About Montfort Capital Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers. We employ focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns. For further information, please visit Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. FORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release may include statements about the expected completion of the Required Filings and filing of the Required Filings. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, and there is no guarantee that the Required Filings will be made on the timeline currently expected or at all. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. SOURCE Montfort Capital Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
3 Promising TSX Penny Stocks With Market Caps Under CA$300M
As the Canadian market navigates ongoing trade uncertainties, investors are finding opportunities amid the shifting landscape. Penny stocks, while an older term, continue to capture interest as they often represent smaller or newer companies with potential for growth at lower price points. In this article, we explore three such penny stocks on the TSX that offer strong fundamentals and hidden value, presenting intriguing possibilities for those looking beyond the big names. Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.71 CA$75.86M ★★★★★★ PetroTal (TSX:TAL) CA$0.64 CA$585.62M ★★★★★☆ Orezone Gold (TSX:ORE) CA$1.43 CA$753.84M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.03 CA$2.4M ★★★★★★ Findev (TSXV:FDI) CA$0.435 CA$12.75M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.71 CA$478.93M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$2.50 CA$108.33M ★★★★★★ Intermap Technologies (TSX:IMP) CA$2.20 CA$130.95M ★★★★★☆ Pulse Seismic (TSX:PSD) CA$2.76 CA$133.99M ★★★★★★ Hemisphere Energy (TSXV:HME) CA$1.79 CA$172.09M ★★★★★★ Click here to see the full list of 876 stocks from our TSX Penny Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Telescope Innovations Corp. is a chemical technology company focused on developing manufacturing processes and tools for the pharmaceutical and chemical industries in the United States and Canada, with a market cap of CA$19.32 million. Operations: The company generates revenue from its Chemicals segment, amounting to CA$4.45 million. Market Cap: CA$19.32M Telescope Innovations Corp., with a market cap of CA$19.32 million, is navigating the penny stock landscape by focusing on innovative chemical technologies for battery materials. Despite being unprofitable, it maintains a positive cash flow and has no debt, offering some financial stability. Recent collaborations, such as with Standard Lithium Ltd., highlight its strategic efforts in developing lithium sulfide using its proprietary DualPure™ process—a promising advancement in solid-state battery technology. However, challenges remain as short-term liabilities exceed assets and revenue growth is modest at CA$2.21 million for the last six months reported. Dive into the specifics of Telescope Innovations here with our thorough balance sheet health report. Gain insights into Telescope Innovations' historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: GoldMining Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and copper assets in the Americas, with a market cap of CA$207.79 million. Operations: GoldMining Inc. does not report any specific revenue segments. Market Cap: CA$207.79M GoldMining Inc., with a market cap of CA$207.79 million, is pre-revenue and unprofitable, yet it remains debt-free, offering some financial stability. The company has less than a year of cash runway based on current free cash flow trends. Recent developments include the approval to advance its Rea Uranium Project in Alberta's Athabasca Basin, positioning GoldMining to capitalize on rising uranium demand for cleaner energy solutions. Additionally, exploration at its São Jorge Project in Brazil is underway with extensive drilling programs planned. Despite these initiatives, the company faces challenges due to limited revenue generation and increasing losses over recent years. Get an in-depth perspective on GoldMining's performance by reading our balance sheet health report here. Gain insights into GoldMining's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Emerita Resources Corp., through its subsidiary, focuses on acquiring, exploring, and developing mineral properties in Spain with a market cap of CA$279.97 million. Operations: Emerita Resources Corp. has not reported any revenue segments. Market Cap: CA$279.97M Emerita Resources, with a market cap of CA$279.97 million, is pre-revenue and currently unprofitable, yet it maintains financial stability with more cash than debt and short-term assets exceeding liabilities. The seasoned management team has overseen significant advancements in its Iberian Belt West Project in Spain, including improved metallurgical recovery processes for gold and base metals. Recent updates to the Mineral Resource Estimate highlight potential growth through ongoing drilling campaigns at El Cura deposit. However, the company faces challenges with increasing losses reported in recent earnings results and less than a year of cash runway based on free cash flow trends. Navigate through the intricacies of Emerita Resources with our comprehensive balance sheet health report here. Explore Emerita Resources' analyst forecasts in our growth report. Access the full spectrum of 876 TSX Penny Stocks by clicking on this link. Contemplating Other Strategies? Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CNSX:TELI TSX:GOLD and TSXV:EMO. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@


Hamilton Spectator
an hour ago
- Hamilton Spectator
Manitoba premier eyes northern development that could include a pipeline
WINNIPEG - Manitoba Premier Wab Kinew promoted his province Friday as the route for a future trade corridor, which could include a pipeline, in order to get goods from Western Canada to overseas markets. 'The politics are (that) something needs to get built in Western Canada. I think everybody understands that,' Kinew told a breakfast meeting of the Manitoba Chambers of Commerce. 'And if you've been following the news, B. C.? Ontario? Maybe. We'll see. But Manitoba's open for business, and I think in time Manitoba will show itself as a path to getting natural resources to tidewater across Canada.' The Alberta government has been pushing for a pipeline across northern British Columbia, but the idea is not supported by the B.C. government. Kinew said Manitoba is looking at boosting shipments through Hudson Bay, currently served by the Port of Churchill, which is ice-free for only a brief period every year. There have been calls for a second port on the bay, further south at Port Nelson, combined with more rail service and a pipeline, in order to boost exports to Europe and other destinations. Kinew said he's open to different options, but the private sector has to put forward ideas. A trade corridor could ship Manitoba's low-carbon hydroelectricity westward to the other Prairie provinces, he said. And a pipeline heading the other direction is a possibility. 'What is the product that makes sense? Are we going to be looking at liquefaction and then maybe it's a (liquefied natural gas) thing?' Kinew told reporters after his speech. 'Are we looking at oil and gas projects? Are we looking at something novel like green hydrogen or maybe a potash slurry? These are the things that we can signal to the private sector we're open to having a discussion about.' Pipeline development in the north could face opposition from environmentalists and others. Much of the area near the coast of Hudson Bay is protected, including Wapusk National Park. Kinew also told the business crowd Friday his NDP government is finalizing a memorandum with British Columbia to cut trade barriers between the two provinces. Similar to a recent deal with Ontario, it's aimed at allowing more goods and services to flow freely. Kinew said it will give Manitobans access to another big Canadian market. Prime Minister Mark Carney has pledged to break down internal trade barriers by Canada Day, and Ontario, Nova Scotia and other provinces have been working on reciprocal agreements. This report by The Canadian Press was first published June 6, 2025 Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .