Galileo Exploration Ltd. is pleased to announce that it has completed a non-brokered private placement of common shares in the capital of the Company. Pursuant to the Offering, the Company issued 17,000,000 Common Shares at a price of $0.05 per Common Share, raising gross proceeds to the Company of $850,000. The proceeds of the Offering will be [...]
Galileo Exploration Ltd. is pleased to announce that it has entered into shares for debt agreements to satisfy an aggregate of $535,350.21 of the Company's outstanding debts. The Company has reached agreements with certain of its creditors who have provided services to the Company to extinguish, or partially extinguish, certain of the Company's [...]
Galileo Exploration Ltd. announces that Ronald A. Rieder has resigned as President, CEO and a Director of the Company. Galileo’s Board of Directors would like to thank Mr. Rieder for his efforts and wish him well in his future endeavors. Director John Kanderka will assume the role of Acting CEO of the Company. The other Directors are pleased [...]
Galileo Exploration Ltd. announces that it has elected to terminate the Majuba Hill Lease and Option to Purchase agreement dated February 14, 2017. While exploration results were promising, drill-testing to confirm the presence of a massive copper porphyry at shallow depths provided limited results. As a result, the Company will now focus its [...]
Galileo Petroleum is pleased to announce that the TSX-Venture Exchange has approved the Company's name change to "Galileo Exploration Ltd.", effective as of the opening of markets on December 20, 2016. In connection with the change of name, the Company will be changing its stock symbol to GXL. ON BEHALF OF GALILEO PETROLEUM LTD. "David Hottman [...]
Galileo Petroleum is pleased to announce that further to the Company's news release of July 14, 2016 that the Company has received TSX Venture Exchange approval and has closed the non-brokered private placement offering by issuing 2.66 million units in the capital of the company at an issue price of five cents per unit, for gross proceeds of [...]
Galileo Petroleum announces the Company's plan to undertake a shares for debt settlement arrangement to retire indebtedness in the aggregate amount of $295,654 to certain creditors, which include directors and executive officers of the Company, by issuing a total of 5,913,080 common shares of the Company at an issue price of $0.05 per share on or [...]
Galileo Petroleum announces that Mr. John MacRae has resigned from the Board of Directors and will join Galileo's Oil and Gas Advisory Board. Mr. MacRae, M.Sc., B.Sc., P.Geol., is an accomplished petroleum geologist (University of Alberta 1970) with over 40 years of experience evaluating the geology and undiscovered petroleum and natural gas [...]
Portal Resources announces that further to the Company's news release of March 28, 2012, the TSX Venture Exchange has approved the Company's share consolidation on the basis of five (5) pre-consolidation common shares for one (1) post-consolidation common share of the Company and the Company's proposed name change. Effective as of the opening of [...]
Portal is pleased to announce that at the special meeting of the Company's shareholders held on March 23, 2012, the shareholders approved a proposed five (5) for one (1) consolidation of the Company's issued and outstanding common shares and an amendment to the company's authorized share capital to eliminate the maximum number of shares that the [...]
Portal is pleased to announce that Mr. John Kanderka has joined the Company's Board of Directors. Mr. Kanderka has more than 35 years of experience as a landman in the oil and gas industry and currently consults for a variety of exploration, production and pipeline companies with operations in Western Canada and the United States. Mr. Kanderka [...]
Portal announces that the Company will be seeking shareholder approval to consolidate the Company's common shares on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares or at such lower consolidation ratio as may be required by the TSX Venture Exchange. The Company will also be seeking shareholder [...]