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Hamilton Spectator
07-07-2025
- Business
- Hamilton Spectator
Oceanic Wind Energy Inc. and Coast Tsimshian Enterprises Ltd. Secure IUP for Offshore Wind Development in Hecate Strait
VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) — Oceanic Wind Energy Inc. ('Oceanic') is proud to announce a major milestone in the advancement of the offshore wind project in Hecate Strait, located just west of Stephens Island. In partnership with Coast Tsimshian Enterprises Ltd. ('CTE'), Oceanic has been jointly granted an Investigative Use Permit (IUP) for the first phase of development, targeting a capacity of 600 to 700 megawatts (MW). CTE is a 50/50 partnership of the Metlakatla and Lax Kw'alaams First Nations. 'This agreement brings Oceanic and CTE a major step closer to realizing Canada's first offshore wind project,' said Mike O'Connor, President, Oceanic Wind Energy Inc. Hecate Strait, in Northwest British Columbia, is home to one of the world's most powerful and consistent wind resources. With Class 7 wind conditions, low shear and turbidity, average annual wind speeds exceeding 10 m/s, and a winter capacity factor of over 65%, the area offers an unparalleled opportunity to generate clean, reliable energy—especially during BC's peak demand season. Strategically located, the Oceanic Wind Project is uniquely positioned to deliver utility-scale renewable power to a region with growing energy needs and limited alternatives. The project could play a critical role in supporting the energy demands of the Port of Prince Rupert and the expanding industrial and resource sectors across Northwest BC. 'We look forward to working closely with Oceanic to develop this transformative project,' said Ryan Leighton, Director, Coast Tsimshian Enterprises Ltd. 'This first phase will help power the region's growth while creating long-term economic and environmental benefits.' In addition to supporting regional development, the project will contribute significantly to Canada's greenhouse gas (GHG) reduction goals and reinforce British Columbia's leadership in cost-effective, green energy generation. About Oceanic Wind Energy Inc. Oceanic Wind Energy Inc. is a Vancouver-based renewable energy company listed on the TSX Venture Exchange-NEX (TSXV-NEX : NKW.H) The company is focused on developing large-scale offshore wind projects to support Canada's transition to a clean energy future. About Coast Tsimshian Enterprises Ltd. Coast Tsimshian Enterprises Ltd. (CTE) is a 100% Indigenous owned collaborative undertaking between Lax Kw'alaams and Metlakatla First Nations. The CTE mandate is to promote and develop commercial opportunities for the benefit of the shareholders. Since its founding in 2011, Coast Tsimshian Enterprises has a track record of partnering with First Class organizations to promote the development and implementation of opportunities for Lax Kw'alaams and Metlakatla First Nations. An Investigative Use Permit (IUP) is an exclusive type of tenure that allows organizations to occupy and utilize Crown land for the purpose of conducting investigations and collecting data related to a potential project or activity. Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to several risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf. Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Michael O'Connor, President & CEO Oceanic Wind Energy Inc. Tel: 604-631-4483 Email: moconnor@ A photo accompanying this announcement is available at
Associated Press
30-04-2025
- Business
- Associated Press
Sceptre Ventures Announces Proposed Share Consolidation
VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Sceptre Ventures Inc. ('Sceptre' or the 'Company') (TSXV-NEX:SVP.H) announces that it intends to complete a consolidation of its issued and outstanding common shares (the 'Shares') on the basis of one (1) new Share (each, a 'Post-Consolidated Share') for every ten (10) current outstanding Shares (the 'Consolidation'). It is anticipated that the Consolidation will reduce the number of outstanding Shares from 24,016,477 Shares to approximately 2,401,648 Post-Consolidated Shares, subject to adjustment for rounding. The board of directors of the Company believes that the Consolidation will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan. The Consolidation is subject to approval by the TSX Venture Exchange (the 'Exchange'). The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release. No fractional Post-Consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-Consolidated Share will be rounded up to the nearest whole number of Post-Consolidated Shares and no cash consideration will be paid in respect of fractional Shares. The exercise price and number of Shares of the Company issuable upon the exercise of outstanding options and warrants will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof. About Sceptre Ventures Inc. Sceptre Ventures Inc. is a Capital Pool Company ('CPC') within the meaning of the policies of the TSX Venture Exchange and has not commenced commercial operations and has no assets other than cash. Sceptre is currently engaged in identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction under the TSXV's CPC policy. For Further Information: Kevin Bottomley, Chief Executive Officer Suite 1450-789 West Pender Street Vancouver, BC, V6C 1H2, Canada Tel: 604-681-1568 Email: [email protected] FORWARD LOOKING INFORMATION Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as 'expects', 'intends', 'plans', 'may', 'could', 'potential', 'should', 'anticipates', 'likely', 'believes' and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include statements about the Consolidation, its terms, and its anticipated benefits, receipt of approval for the Consolidation from the Exchange and that the Company will complete the Consolidation. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, that the Company may not use the gross proceeds as initially contemplated. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. SOURCE: Sceptre Ventures Inc. press release
