Calgary, Alberta – July 14, 2023 – Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Glenn Hamilton and Ms. Kathy Turgeon to its Board of Directors (the “Board”). “We are excited to have Glenn and Kathy join the Board and look forward to their contributions…
CALGARY, Alberta, May 16, 2023 — Prairie Provident Resources Inc. (TSX:PPR) (the “Company”), is pleased to announce the completion of its previously announced recapitalization transactions (collectively, the “Recapitalization”). The Recapitalization included the following principal transactions: closing today of the Company’s brokered private placement offering of units of the Company (the “Units”) at a price of…
CALGARY, Alberta, May 15, 2023 — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the first quarter ended March 31, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our website at www.ppr.ca and filed on SEDAR at www.sedar.com. MESSSAGE…
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…
Calgary, Alberta – March 31, 2023 – Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the fourth quarter and year ended 2022. PPR’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) and annual information form dated March 31, 2023 (AIF) are available…
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…
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…
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…
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…
Calgary, Alberta – December 19, 2022 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Patrick R. McDonald, who has served as Chairman of the Company since March 2011 and continues in that role, as Interim Chief Executive Officer. Mr. McDonald succeeds R. Anthony Berthelet, who previously…