Latest news with #Kiwetinohk
Globe and Mail
23-06-2025
- Business
- Globe and Mail
Kiwetinohk announces formal business strategy review
CALGARY, AB, June 23, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") announces that it has launched a formal business strategy review to evaluate a range of potential value enhancing opportunities with a focus on the Company's upstream assets and an orderly exit from its power business.
Cision Canada
23-06-2025
- Business
- Cision Canada
Kiwetinohk announces formal business strategy review
CALGARY, AB, June 23, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") announces that it has launched a formal business strategy review to evaluate a range of potential value enhancing opportunities with a focus on the Company's upstream assets and an orderly exit from its power business. There can be no assurance that this process will result in any transaction or other strategic outcome. Kiwetinohk does not intend to disclose further developments unless and until its Board of Directors has approved a specific course of action. Advisors National Bank Financial Inc. and RBC Capital Markets have been engaged to support the Company in completing a business strategy review. About Kiwetinohk Kiwetinohk produces natural gas, natural gas liquids, oil and condensate and is a developer of renewable and natural gas power projects, and early stage carbon capture and storage opportunities, in Alberta. Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available within the year-end documents available on Kiwetinohk's website at and SEDAR+ at Forward looking information Certain information set forth in this news release contains forward-looking information and statements including, without limitation, management's business strategy, management's assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "project", "potential", "may" or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. In particular, this news release contains forward-looking statements pertaining to the outcome of the current business strategy review, including the potential for a transaction related to or involving the Company's upstream assets or an exit from the Company's power business. In addition to other factors and assumptions that may be identified in this news release, assumptions have been made regarding, among other things: Kiwetinohk's business and business strategy and general business, economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements as the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements or information involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail in the Company's annual information form for the year ended December 31, 2024. The forward-looking statements and information contained in this news release speak only as of the date of this news release and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, except as expressly required by applicable securities laws. Pat Carlson, Chief Executive Officer Jakub Brogowski, Chief Financial Officer
Yahoo
23-06-2025
- Business
- Yahoo
Kiwetinohk announces formal business strategy review
CALGARY, AB, June 23, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") announces that it has launched a formal business strategy review to evaluate a range of potential value enhancing opportunities with a focus on the Company's upstream assets and an orderly exit from its power business. There can be no assurance that this process will result in any transaction or other strategic outcome. Kiwetinohk does not intend to disclose further developments unless and until its Board of Directors has approved a specific course of action. AdvisorsNational Bank Financial Inc. and RBC Capital Markets have been engaged to support the Company in completing a business strategy review. About KiwetinohkKiwetinohk produces natural gas, natural gas liquids, oil and condensate and is a developer of renewable and natural gas power projects, and early stage carbon capture and storage opportunities, in Alberta. Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available within the year-end documents available on Kiwetinohk's website at and SEDAR+ at Forward looking informationCertain information set forth in this news release contains forward-looking information and statements including, without limitation, management's business strategy, management's assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "project", "potential", "may" or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. In particular, this news release contains forward-looking statements pertaining to the outcome of the current business strategy review, including the potential for a transaction related to or involving the Company's upstream assets or an exit from the Company's power business. In addition to other factors and assumptions that may be identified in this news release, assumptions have been made regarding, among other things: Kiwetinohk's business and business strategy and general business, economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements as the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements or information involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail in the Company's annual information form for the year ended December 31, 2024. The forward-looking statements and information contained in this news release speak only as of the date of this news release and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, except as expressly required by applicable securities laws. For more information on Kiwetinohk, please contact: Investor RelationsInvestor Relations email: IR@ Relations phone: (587) 392-4395 Pat Carlson, Chief Executive OfficerJakub Brogowski, Chief Financial Officer SOURCE Kiwetinohk Energy View original content to download multimedia: 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
21-05-2025
- Business
- Yahoo
Kiwetinohk announces annual general and special meeting results
CALGARY, AB, May 21, 2025 /CNW/ - (TSX: KEC) Kiwetinohk Energy Corp. (the "Company") held its Annual General and Special Meeting of Shareholders (the "Meeting"). The following sets forth a brief description of each matter that was voted upon at the Meeting and the outcome of the vote. A detailed description of the business of the Meeting is contained in the Company's management information circular dated April 2, 2025. The total number of common shares represented by shareholders at the Meeting and by proxy was 36,451,426, representing 83.24% of the Company's outstanding common shares. 1. Election of Directors: The ten director nominees proposed by management were elected. The votes by ballot were as follows: Nominee Votes For % of Votes For Votes Against % of Votes Against Kevin Brown 35,717,235 99.63 % 132,758 0.37 % Beth Reimer-Heck 35,724,735 99.65 % 125,258 0.35 % Judith Athaide 35,714,835 99.65 % 125,158 0.35 % Colin Bergman 35,727,335 99.66 % 122,658 0.34 % Patrick Carlson 35,698,434 99.58 % 151,559 0.42 % Leland Corbett 35,698,334 99.58 % 151,659 0.42 % Alicia Kilmer 35,724,835 99.65 % 125,158 0.35 % Kaush Rakhit 35,696,434 99.57 % 153,559 0.43 % Steven Sinclair 35,727,335 99.66 % 122,658 0.34 % John Whelen 35,727,235 99.66 % 122,758 0.34 % 2. Appointment of Auditors: The appointment of Deloitte LLP to serve as the auditor of the Company for 2025 was approved. The votes by proxy were as follows: Votes For % of Votes For Votes Withheld/Abstained % of Votes Withheld/Abstained 36,430,860 99.99 % 2,565 0.01 % 3. Approval of an Amendment to the Expiry Date of Certain Performance Warrants: The ordinary resolution of shareholders (on a disinterested basis) approving an amendment to the expiry date of certain performance warrants, was approved. The votes by ballot were received as follows, and excludes votes attached to shares held by any "insider" of the Company, as that term is defined in the TSX Company Manual, who is a holder of, or who otherwise has an economic interest in, performance warrants or is an eligible participant in the Company's previously adopted stock option plan, along with their associates: Votes For % of Votes For Votes Against % of Votes Against Restricted 5,634,173 84.34 % 1,046,162 15.66 % 29,151,657 About Kiwetinohk Kiwetinohk produces natural gas, natural gas liquids, oil and condensate and is a developer of renewable and natural gas power projects, and early stage carbon capture and storage opportunities, in Alberta. Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available within the year-end documents available on Kiwetinohk's website at and SEDAR+ at For more information on Kiwetinohk, please contact: Investor RelationsInvestor Relations email: IR@ Relations phone: (587) 392-4395 Pat Carlson, Chief Executive OfficerJakub Brogowski, Chief Financial Officer SOURCE Kiwetinohk Energy View original content to download multimedia: 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
Cision Canada
21-05-2025
- Business
- Cision Canada
Kiwetinohk announces annual general and special meeting results
CALGARY, AB, May 21, 2025 /CNW/ - (TSX: KEC) Kiwetinohk Energy Corp. (the "Company") held its Annual General and Special Meeting of Shareholders (the "Meeting"). The following sets forth a brief description of each matter that was voted upon at the Meeting and the outcome of the vote. A detailed description of the business of the Meeting is contained in the Company's management information circular dated April 2, 2025. The total number of common shares represented by shareholders at the Meeting and by proxy was 36,451,426, representing 83.24% of the Company's outstanding common shares. 1. Election of Directors: The ten director nominees proposed by management were elected. The votes by ballot were as follows: Nominee Votes For % of Votes For Votes Against % of Votes Against Kevin Brown 35,717,235 99.63 % 132,758 0.37 % Beth Reimer-Heck 35,724,735 99.65 % 125,258 0.35 % Judith Athaide 35,714,835 99.65 % 125,158 0.35 % Colin Bergman 35,727,335 99.66 % 122,658 0.34 % Patrick Carlson 35,698,434 99.58 % 151,559 0.42 % Leland Corbett 35,698,334 99.58 % 151,659 0.42 % Alicia Kilmer 35,724,835 99.65 % 125,158 0.35 % Kaush Rakhit 35,696,434 99.57 % 153,559 0.43 % Steven Sinclair 35,727,335 99.66 % 122,658 0.34 % John Whelen 35,727,235 99.66 % 122,758 0.34 % 2. Appointment of Auditors: The appointment of Deloitte LLP to serve as the auditor of the Company for 2025 was approved. The votes by proxy were as follows: 3. Approval of an Amendment to the Expiry Date of Certain Performance Warrants: The ordinary resolution of shareholders (on a disinterested basis) approving an amendment to the expiry date of certain performance warrants, was approved. The votes by ballot were received as follows, and excludes votes attached to shares held by any "insider" of the Company, as that term is defined in the TSX Company Manual, who is a holder of, or who otherwise has an economic interest in, performance warrants or is an eligible participant in the Company's previously adopted stock option plan, along with their associates: About Kiwetinohk Kiwetinohk produces natural gas, natural gas liquids, oil and condensate and is a developer of renewable and natural gas power projects, and early stage carbon capture and storage opportunities, in Alberta. Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available within the year-end documents available on Kiwetinohk's website at and SEDAR+ at For more information on Kiwetinohk, please contact: Investor Relations Investor Relations email: [email protected] Investor Relations phone: (587) 392-4395 Pat Carlson, Chief Executive Officer Jakub Brogowski, Chief Financial Officer SOURCE Kiwetinohk Energy
