Resolute Resources Ltd.
CALGARY, AB - Resolute Resources Ltd. (TSXV:RRL) (“Resolute” or the “Company”) is pleased to announce that the rig, Precision Drilling Rig #141, is being mobilized to the 14-19-83-23W5 drill pad this week. The RESOLUTERESLTD HZ ANTHONY 11-24-83-24 is planned to Spud on November 23rd, 2023. The well is expected to take ten days to reach total depth (“TD”). Following reaching TD, a production test is to be performed. Production results should be available approximately 6 weeks following the completion of drilling.
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Calgary, Alberta - November 13, 2023 - Resolute Resources Ltd. (TSXV: RRL) (“Resolute Resources“, “Company“, “our” or “we“). Operational Update: The RESOLUTERESLTD HZ ANTHONY 7-24-83-24W5 (“Shoreline”, “7-24”) horizontal multilateral well was drilled with six lateral legs for a total length of approximately 8,500 meters. During drilling, many thousands of meters of oil saturated rock with good gas response were observed. In addition, medium brown oil staining and clean sands were consistently seen on the shaker. Drill cutting analysis from the Shoreline well confirmed the florescence and oil cut analysis observed from drill cutting data from offset vertical wells in the area. This appears to correlate well with deeper Montney oil production and Gething swab tests (25 – 35 API oil).
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Calgary, Alberta - October 31, 2023 - Resolute Resources Ltd. (TSXV: RRL) ("Resolute Resources", "Company", "our" or "we"). Operational Update. Since incorporation in 2019, Resolute Resources has advanced from an exploration concept to a publicly listed oil and gas company. We made our first land purchase in 2020, and significantly expanded our land holdings in 2022. We successfully obtained licenses for our first wells and established two well pads in mid- 2023. On September 24th of this year, we reached a pivotal moment when we completed drilling our first well, RESOLUTERESLTD HZ ANTHONY 11-24-83-24 ("11-24"). Production for 11-24 commenced on October 9th and we plan to provide a detailed update on the well's performance in mid-December.
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Calgary, Alberta – September 25, 2023 – Resolute Resources Ltd. (TSXV: RRL) (“Resolute” or the “Company“) is pleased to announce that the rig, Stampede #14, was rig released from 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well.
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Calgary, Alberta - September 6, 2023 - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Stampede #14, has been mobilized to the 5-25-83-24W5 drill pad.
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Calgary, Alberta - August 31, 2023 - Resolute Resources Ltd. (RRL.V) ("RRL" or the "Company") is pleased to announce that, subject to regulatory approval, it has retained Red Cloud Securities ("Red Cloud") to provide liquidity services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV") and other applicable legislation. Red Cloud is a Toronto-based financial services company that helps mineral exploration and mining companies with accessing capital markets and enhancing their corporate profile. Red Cloud will trade shares of RRL on the TSXV for the purposes of maintaining a reasonable market and improving the liquidity of RRL's common shares.
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Calgary, Alberta - Resolute Resources Ltd. (TSXV: RRL) ("RRL" or the "Company") is pleased to announce the following corporate activities: News Dissemination, Land Acquisition, Operations Update, 3D Seismic Interpretation and Resource Report. As announced in the August 23, 2023 news release of the Company, the business combination between the Company (formerly, Crossover Acquisitions Corp.) and Resolute Resources Ltd. was completed on August 23, 2023. The shares of the Company will resume trading on the TSX Venture Exchange ("TSXV"), under the symbol RRL, at the open on August 30, 2023. Due to the changing shareholder registration and the evolving shareholder registry upon the resumption of trading, please subscribe to the corporate mailing list, at www.resoluteresourcesltd.com.
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Calgary – August 23, 2023 – Resolute Resources Ltd. (formerly Crossover Acquisitions Inc.) (the “Corporation” or “Crossover”) (TSXV: CRSS.P) is pleased to announce that it has completed its previously announced business combination (the “Transaction”) with Resolute Resources Ltd. (“Resolute”), which resulted in the reverse take-over of the Corporation by the former shareholders of Resolute and which constituted the Corporation’s “Qualifying Transaction”, as such term is defined under Policy 2.4 – Capital Pool Companies (“Policy 2.4”) of the TSX Venture Exchange (“TSXV” or the “Exchange”). The Corporation after giving effect to the Transaction (the “Resulting Issuer”) will carry on the business previously carried on by Resolute.
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Toronto – August 11, 2023 – Crossover Acquisitions Inc. (TSXV: CRSS.P) (the “Corporation” or “Crossover”), a capital pool company as defined under TSX Venture Exchange (“TSXV” or the “Exchange”) Policy 2.4 – Capital Pool Companies(“Policy 2.4”), and Resolute Resources Ltd. (“Resolute”) are pleased to announce that Crossover has received conditional approval from the TSXV in respect of its previously announced qualifying transaction (the “Transaction”) with Resolute pursuant to Policy 2.4. In connection with the Transaction and pursuant to TSXV requirements, Crossover has filed on SEDAR+ (www.sedarplus.ca) a filing statement dated August 10, 2023 (the “Filing Statement”), which provides further information concerning Crossover, Resolute and the Transaction.
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Toronto, ON – July 11, 2023 – Resolute Resources Ltd. (“Resolute”) and Crossover Acquisitions Inc. (TSXV: CRSS.P) (the “Corporation” or “Crossover”), a capital pool company as defined under TSX Venture Exchange (“TSXV” or the “Exchange”) Policy 2.4 – Capital Pool Companies (“Policy 2.4”), are pleased to announce that, further to Crossover’s news releases dated January 6, 2023, March 21, 2023, and June 6, 2023, Resolute has completed the second and final tranche of its brokered private placement offering (the “Offering”) of subscription receipts of Resolute (the “Subscription Receipts”) at a price of $0.25 per Subscription Receipt (the “Offering Price”) for aggregate gross proceeds of $510,000. The aggregate gross proceeds to the Company from the completion of the first and final tranche of the Offering is $4,510,200.
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Toronto, ON – June 6, 2023 – Resolute Resources Ltd. (“Resolute”) and Crossover Acquisitions Inc. (TSXV: CRSS.P) (the “Corporation” or “Crossover”), a capital pool company as defined under TSX Venture Exchange (“TSXV” or the “Exchange”) Policy 2.4 – Capital Pool Companies (“Policy 2.4”), are pleased to announce that, further to Crossover’s news releases dated January 6, 2023 and March 21, 2023, Resolute has completed the first tranche of its brokered private placement offering (the “Offering”) of subscription receipts of Resolute (the “Subscription Receipts”) at a price of $0.25 per Subscription Receipt (the “Offering Price”) for aggregate gross proceeds of $4,000,200. The Offering constitutes the Concurrent Financing (as defined in Policy 2.4) in respect of the Qualifying Transaction (as defined below) and was led by Research Capital Corporation as the lead agent and bookrunner (the “Agent”).
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CASTLEGAR, BC / ACCESSWIRE / March 21, 2023 / Karbon-X Corp (OTC PINK:KARX) (the "Company") an innovative carbon marketing and project development company, announced today that the Company has entered into an agreement with Resolute Resources Ltd ("Resolute") to offset CO2 emissions associated with the drilling, construction and extraction activities being completed on the first two exploration wells at the Grimshaw Gething exploration project.
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Crossover Acquisitions Inc. (TSXV: CRSS.P) (the "Corporation" or "Crossover"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies, and Resolute Resources Ltd. ("Resolute") are pleased to announce that, further to Crossover's news release dated January 6, 2023, Crossover and Resolute have entered into a business combination agreement dated March 21, 2023 (the "Business Combination Agreement") in connection with the proposed business combination of Crossover and Resolute to ultimately form the resulting issuer (the "Resulting Issuer") that will continue on the business of Resolute, subject to the terms and conditions outlined below. Crossover and Resolute intend that the transaction contemplated by the Business Combination Agreement (the "Proposed Transaction") will constitute Crossover's Qualifying Transaction, as such term is defined in the policies of the Exchange. Following completion of the Transaction, the Resulting Issuer intends to list as a Tier 2 Oil and Gas Issuer on the Exchange.
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