Today Oilsands Quest Inc. has requested and obtained an Order from the Alberta Court of Queen's Bench approving an Asset Purchase and Sale Agreement that provides for the sale of substantially all of the assets of OQI to Cenovus Energy Inc. The Purchase Agreement was entered into by OQI's court-appointed monitor, Ernst and Young Inc., on behalf of [...]
Oilsands Quest Inc. continues to work with its advisor, TD Securities Inc., to review various bids submitted under the previously announced solicitation process to find investors to acquire, restructure or recapitalize the Company's business. The Company believes that some of the bids received could, if subject to further negotiation, be capable of [...]
Oilsands Quest Inc. has applied to delist its shares from the NYSE MKT following discussions with representatives from the NYSE MKT about the Company's current status. Oilsands Quest has filed an application to list the Company's stock on the Canadian National Stock Exchange, which would, if successful, enable Oilsands Quest's shareholders to trade [...]
Oilsands Quest Inc. has requested and obtained an extension of the order from the Alberta Court of Queen's Bench providing creditor protection under the Companies' Creditors Arrangement Act (Canada), which was to expire May 18, 2012. Creditor protection under the CCAA will now expire on June 29, 2012, unless further extended as required and [...]
Oilsands Quest Inc. held its Annual Meeting of Shareholders on Tuesday, April 24, 2012, in Calgary. Mr. Ronald Blakely was elected to serve as a Director of the Company for a one year term until the next annual meeting. The Shareholders also approved an amendment to the Company's Articles of Incorporation to declassify the Board of Directors and [...]
Oilsands Quest Inc. announces that Christopher Hopkins has elected to resign from the Oilsands Quest Board of Directors for personal reasons. 'As the founder of Oilsands Quest and our chief executive officer for several years, Mr. Hopkins had an indelible impact on the Company,' said Ron Blakely, Chairman of the Oilsands Quest Board of Directors [...]
Oilsands Quest Inc. closed the previously disclosed sale of the Company's non-core Eagles Nest asset to Cavalier Energy Inc., an unrelated third party, on March 23, 2012, for CDN$7.005 million. On March 26, 2012, Oilsands Quest signed the definitive loan agreements for the previously announced debtor-in-possession financing in the amount of [...]
Oilsands Quest Inc. has received approval from the Alberta Court of Queen's Bench for the sale of the Company's non-core Eagles Nest asset to Cavalier Energy Inc., an unrelated third party, for CDN$7.005 million. As previously announced, Oilsands Quest reopened the sale process for its Eagles Nest asset as FAMA Capital Ltd. defaulted on an earlier [...]
CALGARY, March 8, 2012 /CNW/ - Oilsands Quest Inc.
('Oilsands Quest,' 'OQI' or 'the Company') has filed its Form 10-Q Quarterly Report for the quarter ended January 31, 2012 with the United States Securities and Exchange Commission. The full document is available online at www.sec.gov and www.sedar.com; the [...]
CALGARY, March 1, 2012 /CNW/ - Oilsands Quest Inc.
('Oilsands Quest' or 'the Company') is continuing to work to restructure its affairs while under the protection of the Companies' Creditors Arrangement Act (Canada) ('CCAA'), with the assistance of a Monitor appointed by the Alberta Court of Queen's Bench (the 'Court'). With [...]
CALGARY, Feb. 23, 2012 /CNW/ - Oilsands Quest Inc.
('Oilsands Quest,' or 'the Company') has received approval from the Alberta Court of Queen's Bench (the 'Court') for the sale of the Company's non-core Eagles Nest asset to FAMA Capital Ltd. ('FAMA'), an unrelated third party, for CDN$7.0 million.
CALGARY, Feb. 17, 2012 /PRNewswire/ - Oilsands Quest Inc.
('Oilsands Quest,' or 'the Company') has received Court approval of its previously-announced DIP financing and its request to extend creditor protection. Court approval of the announced sale of the Company's Eagles Nest asset has been delayed, because a second party has [...]
