Welcome to our dedicated news page for ATHABASCA MINERALS (Ticker: ABCAF), a resource for investors and traders seeking the latest updates and insights on ATHABASCA MINERALS.
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Athabasca Minerals Inc. (TSXV: AMI) obtains a court order supporting its restructuring efforts under the Notice of Intention to Make a Proposal, extending the stay period to April 22, 2024. The Corporation secures new interim financing from Badger Mining Corporation, amending the previous stay extension.
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Athabasca Minerals Inc. announces acquisition by Badger Mining Corporation for approximately CAD $29.2 million. The Transaction involves exchanging existing shares for shares in a new entity, ResidualCo, and transferring claims and liabilities. Badger will become the sole shareholder, while existing shareholders will own shares in ResidualCo. The Transaction is subject to Court approval and is a result of a competitive auction process.
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Athabasca Minerals Inc. (TSXV: AMI) has obtained a court order extending the stay period for its restructuring efforts under the Notice of Intention to Make a Proposal (NOI) until March 11, 2024. The company has also been working on a court-approved sale and investment solicitation process (SISP) for its business and property, with final bids due by January 31, 2024.
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Athabasca Minerals Inc. (TSXV: AMI) has commenced a restructuring process by filing Notices of Intention to Make a Proposal to its creditors under the Bankruptcy and Insolvency Act. The sales and investment solicitation process (SISP) includes a stalking horse bid to acquire Athabasca's business for $13,000,000 from JMAC Energy Services LLC. Interested parties can submit final bids by January 31, 2024, with a run-off auction in case of superior offers.
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Athabasca Minerals Inc. (TSXV: AMI) reported its financial and operating results for the three and nine months ended September 30, 2023, including a net loss of $5.1 million for the nine months, a decrease in consolidated revenue, and an operating loss of $1.0 million in Q3-2023. The Corporation also announced the resignation of Mr. Donald Paulencu as Director and Chairman.
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Athabasca Minerals Inc. (TSXV: AMI) announces the termination of an arrangement agreement with JMAC Energy Services LLC, resignation of a director, and filing of a Notice of Intention to Make a Proposal to its creditors. The Corporation also filed amended and restated financial statements, resulting in a net income reduction by $0.3 million and a $32.3 million reduction in total assets.
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Athabasca Minerals Inc. (TSXV: AMI) announces that it is required to amend and restate its audited consolidated financial statements for 2021 and 2022, as well as the interim condensed consolidated financial statements for the three and six month periods ended June 30, 2023. The restatement is necessary due to an incorrect accounting position regarding a joint arrangement. The Corporation is working to finalize the amended filings.
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Athabasca Minerals Inc. announces definitive arrangement agreement with JMAC Energy Services LLC for the acquisition of all issued and outstanding common shares of Athabasca for $0.145 per share, representing a 45% premium. Transaction to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta). Special Committee believes transaction provides most advantageous outcome for securityholders. Loan amending agreement also entered into with JMAC for secured bridge loan of $2,000,000, with maturity date extended to November 30, 2023. Transaction subject to Securityholder approval and regulatory approvals.
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Athabasca Minerals Inc. announces its Q2 Financial Statements for the second-quarter ending June 30, 2023. Q2 2023 highlights include signed agreements for silica sand delivery and divestment of non-core assets. Q2 2023 financial results show a gain of 92% in consolidated revenue compared to Q2 2022. Gross profit improved from Q2 2022. Total comprehensive loss decreased by $4,164,487. CEO states higher demand for sand despite challenges. The Corporation plans to hold the annual meeting and potential special meeting by December 31, 2023.
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ATHABASCA MINERALS INC
OTC:ABCAF
ABCAF Rankings
ABCAF Stock Data
8.38M
63.08M
22.53%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Edmonton