This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. has acquired $900,000 in principal amount of 12.0% secured convertible debentures of Canadian Premium Sand Inc. . The acquisition was made as part of a private placement of an aggregate of $1,975,000 in [...]
Canadian Premium Sand Inc. is pleased to announce that it has completed its previously announced non-brokered private placement of secured convertible debentures . Pursuant to the Offering, the Company accepted subscriptions for Debentures totaling approximately $2 million. The net proceeds of the Offering will be used for the continued development [...]
Canadian Premium Sand Inc. has amended the pricing and extended the closing for its previously announced non-brokered private placement of secured convertible debentures . The price at which the Convertible Debentures are convertible into common shares has been reduced from $1.25 to $0.75 per Common Share and the volume weighted average trading [...]
Canadian Premium Sand Inc. is pleased to announce that it has concluded a comprehensive capital optimization review relating to the Company’s Wanipigow Sand Project . CPS estimates a revised capital cost of CAD $120 million for facilities required to extract, produce and market silica sand at a production rate of 1.25 million metric tonnes [...]
Canadian Premium Sand Inc. is pleased to announce that it has entered into a non-binding letter of interest with Hi-Crush Inc. , a leading provider of proppant and logistics services. The Company also wishes to provide an update on its previously announced comprehensive capital optimization review relating to the Company’s Wanipigow Sand [...]
Canadian Premium Sand Inc. is pleased to announce that it intends to conduct a non-brokered private placement of secured convertible debentures for total gross proceeds of up to $10 million at a price of $1,000 and integral multiples thereof per Convertible Debenture. The net proceeds of the Offering will be used for the continued development of [...]
Canadian Premium Sand Inc. is pleased to announce its first shipment of Northern White silica sand to a customer's terminal in Western Canada. This shipment was sourced from an operating mine in Wisconsin located directly on the CN Rail network and results from the Company's efforts to establish sales channels into Western Canada. CPS customers now [...]
Canadian Premium Sand Inc. is pleased to provide a corporate update on its previously announced comprehensive capital optimization review, the conductivity and permeability test results for its 40/70 mesh-size product and its ongoing efforts to secure offtake and transload location agreements. Capital Optimization Review Update: The Company is [...]
Canadian Premium Sand Inc. wishes to announce that the head office of the Company is being relocated to Calgary from Toronto. The new corporate address is 400, 522 11th Avenue SW Calgary, Alberta T2R 0C8. As a result of this move, management has accepted the resignation of Arvin Ramos in his capacity as a contract Chief Financial Officer. The [...]
Canadian Premium Sand Inc. is pleased to announce that it is undertaking a comprehensive capital optimization review to identify cost reductions to the capital cost figures outlined in the Preliminary Feasibility Study and Mineral Resource Update and in the Company's June 12, 2019 press release relating to its Wanipigow Sand Project . This review [...]
Canadian Premium Sand Inc. is pleased to announce the appointment of Mr. Anshul Vishal as Vice-President, Business Development. Mr. Vishal has more than 12 years of varied experience in midstream and large EPC projects and construction as well as experience in business development and financial modeling. Most recently he was involved in the early [...]
Canadian Premium Sand Inc. announces that it has accepted the resignation of Mr. Robert D. Archibald as Chief Operating Officer. “On behalf of the Board and the Company, I would like to thank Bob for his time and dedication to CPS over the past year and, in particular, his efforts in advancing our Wanipigow Sand Project to where it is [...]