Category Archives: News Releases

Prairie Provident Announces Closing of Initial Tranche of Private Placement for $4.8 Million to Advance Basal Quartz Horizontal Drilling Program

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – February 20, 2025 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the first tranche of its recently announced equity financing, for $4,800,000 in gross proceeds from its principal…

Prairie Provident Announces up to $9.1 Million Brokered Equity Financing with $7.35 Million in Lead Orders and Basal Quartz Horizontal Drilling Program

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – February 11, 2025 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of…

Basal Quartz Drilling Update

Calgary, Alberta – December 18, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to provide an update on its first two Basal Quartz wells in the Michichi area of Central Alberta. Prairie Provident spud the first Basal Quartz horizontal well, 102/03-19-030-18W4, on October 15, 2024.  Following the nine-day drilling…

Prairie Provident Resources Announces Third Quarter 2024 Financial and Operating Results and Basal Quartz Drilling Update

Calgary, Alberta – November 14, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its financial and operating results for the three and nine months ended September 30, 2024.  The Company’s condensed interim consolidated financial statements (“Financial Statements”) for the three and nine months ended September 30, 2024 and related Management’s Discussion…

Notice To Industry Corporate Address Change

TAKE NOTICE that effective December 1, 2024, PRAIRIE PROVIDENT RESOURCES CANADA LTD. will be moving the Head Office to the location listed below: The telephone & emergency numbers, GST number and BA number will remain the same. PRAIRIE PROVIDENT RESOURCES CANADA LTD. #1000, 500 – 4th Avenue S.W. Calgary, AB T2P 2V6 Telephone No:             …

Prairie Provident Announces Closing of Rights Offering

Calgary, Alberta – October 31, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the successful completion of its previously announced equity rights offering (the “Rights Offering”), which expired at 5:00 p.m. (Mountain time) on October 28, 2024. Prairie Provident issued an aggregate of 480,000,000 common shares of…

Prairie Provident Announces Management and Board of Director Changes and Drilling Update

Calgary, Alberta – October 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests.  In conjunction with Mr. Rawlyk’s resignation, the Company announces the appointment of Dale Miller as Executive Chairman, succeeding Patrick…

Prairie Provident Announces Closing of Initial $10 Million Subscription under Rights Offering

Calgary, Alberta – September 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the initial $10.0 million subscription by its principal shareholder, PCEP Canadian Holdco, LLC (“PCEP”), under the Company’s previously-announced $13.2 million rights offering (the “Rights Offering”). Up to 529,579,000 common shares of…

Prairie Provident Announces Loan Amendments and $13.2 Million Equity Rights Offering With $12 Million of Committed Participation

Calgary, Alberta – September 13, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an agreement to extend the maturity of its senior secured credit facility (the “First Lien Loan”) to March 31, 2026 and enhance its flexibility with modified covenants.  The Company also announces a $13.2 million rights offering (the…

Prairie Provident Announces Interim Extension of Senior Credit Facility

Calgary, Alberta – August 30, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until September 20, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are…