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Last C$0.01 CAD
Change Today 0.00 / 0.00%
Volume 0.0
WDN On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 3:54 PM 08/12/15 All times are local (Market data is delayed by at least 15 minutes).

waldron energy corp (WDN) Snapshot

Open
C$0.02
Previous Close
C$0.01
Day High
C$0.02
Day Low
C$0.01
52 Week High
09/9/14 - C$0.30
52 Week Low
08/7/15 - C$0.0050
Market Cap
627.3K
Average Volume 10 Days
0.0
EPS TTM
C$-0.28
Shares Outstanding
62.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WALDRON ENERGY CORP (WDN)

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waldron energy corp (WDN) Details

Waldron Energy Corporation engages in the acquisition of, exploration for, and development and production of petroleum and natural gas properties in the province of Alberta. The company holds a 76.0% operated working interest Ferrybank property comprising 60.0 sections of land covering 15,732 net acres of undeveloped land; and 80.0% operated working interest in Newton property comprising 4 sections of Crown land located in west central Alberta. It also holds a 97.2% operated working interest in Sullivan Lake property comprising 12 sections of land covering 3,680 net acres of undeveloped land located in east central Alberta. The company was formerly known as Triton Energy Corp. and changed its name to Waldron Energy Corporation in June 2010. Waldron Energy Corporation was incorporated in 2004 and is headquartered in Calgary, Canada.

9 Employees
Last Reported Date: 03/27/15
Founded in 2004

waldron energy corp (WDN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$252.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$189.0K
Chief Operating Officer
Total Annual Compensation: C$220.5K
Compensation as of Fiscal Year 2014.

waldron energy corp (WDN) Key Developments

Waldron Energy Corporation Announces Resignation of David Lefebvre from Board

Waldron Energy Corporation announced that David Lefebvre resigned from the board of Directors effective August 12, 2015.

Waldron Energy Corporation Consent to Appointment of a Receiver

On August 6, 2015, the secured subordinated lender of Waldron Energy Corporation demanded repayment in full of all amounts owed to them under their credit facility and gave notice of their intention to enforce their security. The demand of repayment by the Subordinated Lender created a cross-default between the Corporation and its secured bank debt lender, National Bank of Canada. NBC subsequently demanded repayment in full of all amounts owed to them under their credit facility and also gave notice of their intention to enforce their security. Since August 6, 2015, the Corporation has held various discussions with the Subordinated Lender and NBC with regards to the merits of the Corporation undertaking a restructuring proposal proceeding under the Bankruptcy and Insolvency Act. The intent of the proceedings would be to permit the Corporation to sell assets or develop a corporate solution, such as a take-over or a merger, in order to reduce its debt to an acceptable level. The Subordinated Lender and NBC are unwilling to permit prior ranking interim financing during such proceedings to pay ongoing operating, general and administrative and restructuring costs. As such, the Corporation has consented to the appointment of a receiver and manager.

Waldron Energy Corp. Receives Demand Notice from Secured Subordinated Lender

Waldron Energy Corp. announced that it has received a demand notice from its secured subordinated debenture lender, requiring the full repayment of the $6.0 million subordinated debenture plus accrued interest and fees of $0.3 million by the end of business on August 17, 2015. As a result of the demand notice, and in accordance with inter lender and subordination agreements, the demand notice has resulted in a cross default on the corporation's $7.8 million senior credit facility with the National Bank of Canada or NBC. The maturity date of the corporation's secured subordinated debenture was June 30, and since that date, the corporation has been in constant communication with its Debenture Lender, discussing various maturity date extension scenarios. A key factor in these discussions has been a condition of the Corporation's senior lender, NBC, that interest owing to the debenture lender could not be funded from existing financial resources of the corporation. Without this payment of interest, the debenture lender was unwilling to grant any further extensions and served the corporation with the demand notice.

 

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