Oil, Gas and Consumable Fuels
Company Overview of SilverWillow Energy Corporation
SilverWillow Energy Corporation is engaged in exploration, evaluation, and development of oil sands properties in Canada. The company has 100% interests in the Audet Lands, the Birch Mountain Lands, the Jordan Lands, and the Exploration Lands covering an area of 174,720 acres in the Athabasca Oil Sands Area of northeastern Alberta. The company was incorporated in 2012 and is based in Calgary, Canada. As of August 25, 2015, SilverWillow Energy Corporation operates as a subsidiary of Value Creation Inc.
715 – 5th Avenue SW
Calgary, AB T2P 2X6
Founded in 2012
Key Executives for SilverWillow Energy Corporation
Chief Executive Officer, President and Non-Independent Director
Chief Financial Officer and Vice President
Vice President of Projects
Compensation as of Fiscal Year 2015.
SilverWillow Energy Corporation Key Developments
SilverWillow Energy Corporation, Special/Extraordinary Shareholders Meeting, Aug 24, 2015
Jul 3 15
SilverWillow Energy Corporation, Special/Extraordinary Shareholders Meeting, Aug 24, 2015., at 10:00 Mountain Daylight. Location: The Assiniboine Boardroom at the offices of Blake, Cassels & Graydon LLP. Agenda: To approve the acquisition agreement dated July 2, 2015 among SilverWillow, 9341102 Canada Inc. and Value Creation Inc., pursuant to which it is proposed that SilverWillow and AcquireCo will amalgamate and continue as one corporation pursuant to the provisions of the Canada Business Corporations Act, and pursuant to which the SilverWillow Shareholders will receive cash consideration of $0.03 per SilverWillow Share held prior to the Amalgamation; to consider the amalgamation; and to transact such other business, including amendments to the foregoing, as may properly be brought before the Meeting or any adjournment or postponement thereof.
Glen Roane Announces Resignation as Director of SilverWillow Energy Corporation
Apr 17 15
Mr. Glen Roane announced his decision to resign as a director of SilverWillow Energy Corporation effective immediately.
SilverWillow Energy Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Apr 16 15
SilverWillow Energy Corporation announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, total loss was CAD 10,711,000 against CAD 1,246,000 a year ago. Diluted loss per share was CAD 0.19 against CAD 0.02 a year ago.
For the year, Loss from operations was CAD 61,845,000 against CAD 58,398,000 a year ago. Loss before income taxes was CAD 61,808,000 against CAD 58,239,000 a year ago. Loss and comprehensive loss was CAD 61,808,000 against USD 58,108,000 a year ago. Loss per share - basic and diluted was CAD 1.09 against CAD 1.03 a year ago. Net cash from operating activities was CAD 2,671,000 against CAD 2,515,000 a year ago. Additions to property and equipment were CAD 22,000 against CAD 8,000 a year ago.
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July 2, 2015