We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ceiba Energy Services, Inc. | TSXV:COI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Cancen Oil Canada Inc. (TSX VENTURE:COI) (the "Company" or "Ceiba Energy"), a provider of specialized services to the energy sector, is pleased to announce the following: -- A name change to Ceiba Energy Services Inc.; -- The successful completion of the workover of its disposal well at the Chamberlain facility in Strathcona County, Edmonton; and -- The retention of Todd Hanas as an investor relations consultant. The shareholders of the Company today approved a name change to Ceiba Energy Services Inc. Ceiba (pronounced "Say-bah") is drawn from the name of a species of large trees found in Central and South America that has a rich environmental connection. For more information on the background to the new name, please visit our website at www.ceibaenergy.com. The Company's name change and trading under a new stock symbol, CEB, is subject to approval by the TSX Venture Exchange. The Company will issue a further news release once approval of TSX Venture Exchange is obtained. Ceiba Energy is pleased to announce the successful re-completion of the Chamberlain Class II disposal well. At the end of the workover, two injection tests were conducted by independent contractors into the targeted formation that indicate the well's capability to dispose of 1,200 cubic meters (7,560 barrels) per day. The Company is proceeding with the remaining engineering and construction to complete the Custom Treating facility in 2013, on track with its business plan to have three operating facilities open by year end. The Company is also pleased to announce that it has entered into an investor relations agreement (the "Services Agreement") with Skyblue Relations ("Skyblue"), a sole proprietorship, the principal of which is Todd Hanas ("Hanas"). The term of the Services Agreement is for an initial one year term effective July 18th, 2013. The Company may terminate the Services Agreement at any time after July 18th, 2014 or by providing two month's written notice. Skyblue will assist the Company to implement a comprehensive investor relations program designed to increase corporate communications to shareholders and the financial community in general, while increasing share value and liquidity of the Company. Skyblue and Hanas are at arm's length to the Company and do not currently own any securities of the Company as of the date hereof but may purchase securities in the Company from time to time for investment purposes. Pursuant to the Services Agreement, the Company will pay a monthly fee of $5,000 (plus approved expenditures and applicable taxes) and will grant 150,000 stock options under the Company's shareholder approved stock option plan (the "Options"). The Options are exercisable at a price of $0.50 per share, will vest in quarterly increments, and will be exercisable until the earlier of three years from the date of grant and 90 days following termination of the Services Agreement. The Services Agreement and the grant of the Options to Skyblue are both subject to the approval of the TSX Venture Exchange. About Ceiba Energy Ceiba Energy provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in Western Canada. Ceiba Energy develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water. Reader Advisory This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information based on previously announced financings. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on Ceiba Energy's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Ceiba Energy Services Inc. Ian Simister, President Shankar Nandiwada, Chief Financial Officer Please visit Ceiba Energy's website at: www.ceibaenergy.com FOR FURTHER INFORMATION PLEASE CONTACT: Ceiba Energy Services Inc. Todd Hanas Investor Relations 1-866-869-8072 thanas@ceibaenergy.com Ceiba Energy Services Inc. Brian Petersen Managing Director, Capital Markets (403) 262-2783 bpetersen@ceibaenergy.com www.ceibaenergy.com
1 Year Ceiba Energy Services, Inc. Chart |
1 Month Ceiba Energy Services, Inc. Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions