Category Archives: 2023 NR

Prairie Provident Resources Announces Amendments to Recapitalization Transactions that Significantly Enhance Value to Shareholders

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Calgary, Alberta – April 11, 2023 – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) announces amendments to the terms of the equity financing and debt settlement components of its previously announced recapitalization transactions (collectively, the “Recapitalization”). Pursuant…

Prairie Provident Resources Announces Closing of $5 Million Second Lien Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Calgary, Alberta – March 31, 2023 – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has completed the issuance of second lien notes due December 31, 2024 in the principal amount of US$3.64…

Prairie Provident Resources Announces Transformative Recapitalization Transactions

Transactions include Senior Credit Facility Extension, New Second Lien Financing, Repayment of Subordinated Notes with Equity and related Warrant Exercise, and Brokered Equity Financing Completion will significantly reduce total indebtedness by $68 million, repositioning the Company to be 1.5x to 2.0x exit debt-to-EBITDA with estimated free funds flow of $17 million to $22 million in…

Prairie Provident Resources Announces Updated Investor Presentation for Transformative Recapitalization Transactions

Calgary, Alberta – March 29, 2023 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has released an updated investor presentation in connection with its recently announced recapitalization transactions (collectively, the “Recapitalization”). The presentation outlines the Company’s pro-forma financial profile and guidance, investment highlights, capital expenditure and optimization…

Prairie Provident Announces Year-End 2022 Reserves

Calgary, Alberta – February 1, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2022 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2022 (the “Sproule Report”). MESSAGE TO SHAREHOLDERS The 2022 year-end updated reserves…