Razor (“TSX-V: RZE”) is a pivotal leading-edge enterprise, balancing creativity and discipline, focused on growing an enduring energy company. We are a publicly-traded junior oil and gas development and production company headquartered in Calgary, Alberta. Our business is concentrated on acquiring, and subsequently enhancing, producing oil and gas properties primarily in Alberta. On January 31, 2017, Razor went public with a an arrangement with an existing TSX Venture listed company named Vector Resources Inc. Simultaneously, we completed a share issuance, share consolidation, secured a term loan facility with AIMCo, and closed a strategic asset acquisition in Swan Hills. Later that year, in May 2017, we closed a prospectus financing of 5,750,000 subscription receipts at a price of $3.00 per subscription receipt for gross proceeds of $17.3 million (net proceeds of approximately $15.5 million. This equity financing was used to purchase additional assets in Alberta, namely Montney producing, oil weighted assets in Kaybob. We continued acquiring the remaining working interest positions within Kaybob Triassic Units 1 & 2 in December 2017 and again in January 2018. Funding for these acquisitions was through the increase of our term facility with AIMCO, from $30 million to $45 million. Terms remained unchanged with the principal due in January 2021 with an interest rate of 10%, payable semi-annually.
Company Name | Razor Energy Corp |
Business Category | Oil & Gas |
Address | 800-500 5th Ave SW Calgary Alberta Canada ZIP: T2P 3L5 |
President | Doug Bailey |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
Phone Number | Locked content | Subscribe to view |
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Name | Position | Contact Details | Subscribe to view |
*** | President, Chief Executive Officer and Director | Locked content | |
*** | Senior Vice President, Chief Operating Officer and Director | Locked content | |
*** | Chief Financial Officer | Locked content | |
*** | Vice President | Locked content | |
*** | Vice President, Production | Locked content |