Latest news with #PineCliff
Globe and Mail
21 hours ago
- Business
- Globe and Mail
Pine Cliff Energy Ltd. Declares Monthly Dividend for July 31, 2025
Calgary, Alberta--(Newsfile Corp. - July 3, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid July 31, 2025, to shareholders of record on July 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities
Calgary, Alberta--(Newsfile Corp. - June 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid June 30, 2025, to shareholders of record on June 16, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. Renewal and Extension of Debt Facilities Pine Cliff is pleased to announce it has finalized the renewal of its demand loan with a Canadian chartered bank at $15 million. The reduction to $12 million that was previously scheduled for May 31 has been eliminated. The Company has also amended the agreement with its term debt holder to reduce its annual scheduled amortization payments to 7.5% of the initial principal balance from 15.0% previously, while also extending the maturity date on the facility to January 3, 2028. The dividend-linked amortization payments introduced in late 2024 have been eliminated. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at For further information, please contact:
Yahoo
02-06-2025
- Business
- Yahoo
Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities
Calgary, Alberta--(Newsfile Corp. - June 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid June 30, 2025, to shareholders of record on June 16, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. Renewal and Extension of Debt Facilities Pine Cliff is pleased to announce it has finalized the renewal of its demand loan with a Canadian chartered bank at $15 million. The reduction to $12 million that was previously scheduled for May 31 has been eliminated. The Company has also amended the agreement with its term debt holder to reduce its annual scheduled amortization payments to 7.5% of the initial principal balance from 15.0% previously, while also extending the maturity date on the facility to January 3, 2028. The dividend-linked amortization payments introduced in late 2024 have been eliminated. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at For further information, please contact: Philip B. Hodge - President and CEOKristopher B. Zack - CFO and Corporate SecretaryTelephone: (403) 269-2289Fax: (403) 265-7488Email: info@ The TSX does not accept responsibility for the accuracy of this release. To view the source version of this press release, please visit 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
02-06-2025
- Business
- Yahoo
Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities
Calgary, Alberta--(Newsfile Corp. - June 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid June 30, 2025, to shareholders of record on June 16, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. Renewal and Extension of Debt Facilities Pine Cliff is pleased to announce it has finalized the renewal of its demand loan with a Canadian chartered bank at $15 million. The reduction to $12 million that was previously scheduled for May 31 has been eliminated. The Company has also amended the agreement with its term debt holder to reduce its annual scheduled amortization payments to 7.5% of the initial principal balance from 15.0% previously, while also extending the maturity date on the facility to January 3, 2028. The dividend-linked amortization payments introduced in late 2024 have been eliminated. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at For further information, please contact: Philip B. Hodge - President and CEOKristopher B. Zack - CFO and Corporate SecretaryTelephone: (403) 269-2289Fax: (403) 265-7488Email: info@ The TSX does not accept responsibility for the accuracy of this release. To view the source version of this press release, please visit 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
20-05-2025
- Business
- Yahoo
Pine Cliff Energy Ltd. Announces Results of Shareholders' Meeting and Annual Share Unit and Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - May 20, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual and Special Meeting of Shareholders on May 20, 2025 (the "Meeting") have been approved. A total of 134,450,284 common shares representing 37.51% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. Each of the six nominees proposed by Pine Cliff and as set out in the Information Circular - Proxy Statement provided to shareholders in connection with the Meeting were duly elected as directors. Each of the nominees was elected as shown below: Name of Nominee Voted For Percent Votes Withheld Percent Hilary A. Foulkes 120,880,996 90.70% 12,387,445 9.30% Robert B. Fryk 120,872,831 90.70% 12,395,610 9.30% Philip B. Hodge 133,110,594 99.88% 157,847 0.12% Calvin B. Jacober 121,076,479 90.85% 12,191,962 9.15% Jacqueline R. Ricci 120,603,015 90.50% 12,665,426 9.50% William S. Rice, K.C. 121,076,878 90.85% 12,191,563 9.15% Deloitte LLP, Chartered Accountants, were appointed auditors of the Company for the ensuing year and the Board of Directors of Pine Cliff (the "Board") were authorized to fix their remuneration. The complete report on the voting results for the Meeting is available under the Company's profile at The share unit plan ("Share Unit Plan") was approved as set out in the Information Circular - Proxy Statement provided to shareholders in connection with the Meeting. The Share Unit Plan provides for the grant of share units and deferred share units, both of which many be settled in cash or common stock issued from treasury or the open market, or some combination thereof. The introduction of the Share Unit Plan is intended to supplement the existing stock option plan, noting that aggregate security-based compensation continues to be restricted to a maximum total of 10% of the common shares issued and outstanding. The Board has approved an annual stock option grant of an aggregate of 10,097,341 deferred share units, restricted share units and stock options to its directors, officers and employees. The deferred share units issued to Board members vest upon resignation or retirement from the Board. The restricted share units vest over three years annually beginning on May 20, 2026. The stock options vest over three years annually, have an exercise price of $0.55 per share and will expire between May 20, 2027, and May 20, 2029. About Pine Cliff Pine Cliff is a natural gas and oil company with a long-term view of creating shareholder value. Pine Cliff's current focus is on acquiring, developing, and operating long life assets that generate free funds flow that allows for capital to be returned to shareholders in the form of a dividend. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at For further information, please contact:Philip B. Hodge - President and CEOKristopher B. Zack - CFO and Corporate SecretaryTelephone: (403) 269-2289Fax: (403) 265-7488Email: info@ The TSX does not accept responsibility for the accuracy of this release. To view the source version of this press release, please visit 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
