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Last C$0.15 CAD
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BEY On Other Exchanges
As of 5:00 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

blacksteel energy inc (BEY) Snapshot

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12/15/14 - C$0.20
52 Week Low
03/10/15 - C$0.07
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blacksteel energy inc (BEY) Details

Blacksteel Energy Inc. engages in the exploration, exploitation, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company has 36% interest in one section in the Crossfield area. Blacksteel Energy Inc. was founded in 2007 and is based in Calgary, Canada.

Founded in 2007

blacksteel energy inc (BEY) Top Compensated Officers

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blacksteel energy inc (BEY) Key Developments

Blacksteel Energy Inc. Auditor Raises 'Going Concern' Doubt

Blacksteel Energy Inc. filed its Annual on Aug 28, 2015 for the period ending Apr 30, 2015. In this report its auditor, Collins Barrow LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Blacksteel Energy Inc. Announces Management Changes

Blacksteel Energy Inc. announced that it has entered into a definitive share purchase agreement dated September 25, 2014 to acquire Alcan Fluid Disposal Ltd., Peace Drilling and Research Ltd. and Integrated Resource Technologies Ltd. Upon completion of the proposed transaction, subject to regulatory approval and customary conditions, it is expected that the directors and officers of the resulting entity are Ken Watson as President, Chief Executive Officer and Director; Greg McLean as Vice-President Finance and Chief Financial Officer; Eugene Chen as Corporate Secretary and Director; Chris Scase, CGA and Stuart O'Connor as directors. Mr. Watson has 29 years of experience providing environmental services to the oil and gas and other industries, including, but not limited to: liquid treatment and processing; remediation of impacted soils including train derailment clean-up; operation of municipal landfills and rural transfer stations; negotiations with First Nations, government agencies and energy producers relevant to permitting hazardous treatment facilities and secure landfill sites; and environmental and geotechnical drilling. He is a Co-Founder and President, Chief Executive Officer and Director of Integrated Resource Technologies Ltd. and President and a Director of Peace Drilling &Research Ltd. Mr. McLean is currently an Associate Portfolio Manager with Qwest Investment Funds and an independent financial consultant. He was most recently Director of Investments for a family trust encompassing assets of $1.4 billion and Executive Vice-President, Investments for Cavendish Investing Ltd. Mr. Chen leads the Capital Markets group in the Calgary office of the national law firm McMillan LLP. He has over twenty years of experience in advising emerging and growth oriented companies on corporate finance, mergers and acquisitions, and securities matters. Mr. Baker is a professional engineer with over 45 years of experience in the oil and gas industry. He has been the President of Altec Inspection Ltd. since 1976, an engineering consulting company involved in all aspects of pipeline construction, inspection and management, including but not limited to project management, structural evaluation and inspection, cost forecasting and foundation design. Mr. Scase is an accounting professional with almost twenty years of industry and public accounting experience. He is currently Vice-President, Finance and Chief Financial Officer at Camber Resource Services Ltd. Mr. O'Connor is currently the President of Timber Ridge Capital Ltd., as well as an officer and/or director of various other companies including Fitzroy Developments Ltd., and Arcurve Inc.

Blacksteel Energy Seeks Acquisitions

Blacksteel Energy Inc. (TSXV:BEY) intends to raise up to CAD 1.5 million in funding by way of a non-brokered private placement of units of the corporation at a price of 15 cents per unit. If the proposed transaction is completed, the funds allocated to general corporate purposes will be used to finance the cash component of the proposed transaction, and acquisition and deployment of capital assets.


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