Painted Pony Announces Closing of $111 Million Equity Financing Including Full Exercise of the Over-Allotment Option

Painted Pony Petroleum Ltd. (“Painted Pony” or the “Corporation“) (TSX:PPY) is pleased to announce that it has closed its previously announced bought deal financing (the “Offering“). Pursuant to the Offering, the Corporation has issued a total of 19,820,000 common shares in the capital of the Company (“Common Shares“), which included the full exercise of the over-allotment option granted to the underwriters of the Offering. All of the Common Shares were issued at a price of […]

Turbines and Generators Contractor Starts Work on Site C Project

BC Hydro’s Site C project reached a milestone yesterday as the turbines and generators contractor mobilized to the construction site. Voith Hydro Canada, which was awarded the $470-million contract in March 2016, will design, supply and install six vertical axis, Francis-style turbines, six generators and associated equipment for Site C. “This is another important step forward for the Site C project,” said Mike Bernier, MLA for Peace River South. “The turbines and generators are a […]

Communities Want Kickback from Local Resources

Three regional districts and 23 local governments that have now become involved in the Northwest BC Resource Benefits Alliance. The goal of the alliance is to assure that from any resource development, be it mining, or LNG, or other,  some of the benefits from that industry are sent directly back to the communities which are affected by it… before those taxation dollars go to the Government. This revenue would enable communities to address current impacts […]

Decommissioning of Watson Island Nearing Completion

Over the past 18 months, the landscape of the Watson Island pulp mill site has slowly but surely been transformed. Where industrial structures once stood, now there are piles of scrap metal, ready to be removed. “The decommissioning of Watson Island represents Prince Rupert tearing down its past, and preparing to build a new future,” said Mayor Lee Brain. “Once decommissioning is complete we look forward to new prospects for Watson Island to generate tax […]

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