FEC RESOURCES INC. FECOF overview

Vancouver, British Columbia--(Newsfile Corp. - October 29, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces a number of changes to the Company's Board of Directors and management roles which will be effective October 30, 2020. Mr. Paul Wallace has resigned as President, Chief Executive Officer and Chief Financial Officer of the Company. Mr. Wallace will continue to serve as a non-executive director of the Company. Mr. Daniel Stephen Carlos has been appointed to the...

Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") provides the following response that PXP Energy Corporation ("PXP") provided to the Philippine Stock Exchange in response to the recent stock trading activity. "We reply to your letter dated 16th October 2020 with Ref. No.: OSD-20-0406, received by PXP Corporation (the "Company" or "PXP") on the same date, noting an unusual price movement in the trading of PXP shares...

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") regrettably announces that Mr. Lyle Brown will be retiring from the board of the Company for health reasons effective October 31, 2020. Mr. Brown currently acts as an independent non-executive director and Chairman of the Company's Audit Committee. Paul Wallace, President stated: "We were fortunate indeed to have Lyle join us in 2013. He offered an independent mindset...

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") wishes to advise the market that it has become aware of media reports in the Philippines, which if correct, will potentially impact the Company's investment in Forum Energy Limited and its main asset Service Contract 72. Please refer to the link below which states that "Energy Secretary Alfonso Cusi said a "resume-to-work" notice has already been issued to contractors...

Vancouver, British Columbia--(Newsfile Corp. - August 3, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces today that it completed its previously announced Rights Offering on July 31, 2020, receiving gross proceeds of approximately US$846,750, and converted into equity the Rights Offering Advance of US$170,111 previously received from PXP Energy Inc. ("PXP"), details of which were announced by the Company on April 14, 2020. This has resulted in the Company issuing a...

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") wishes to clarify the terms of its previously announced rights offering. As announced, each eligible shareholder of record will receive 40 rights for every 20 shares they own on the record date. To further clarify, a minimum of 20 shares are required to participate in the offering and participation will only be accepted for multiples of 20 shares so that no fractional rights or shares...

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") announces today that its Board of Directors has fixed July 3, 2020 as the record date (the "Record Date") and July 31, 2020 as the expiry date (the "Expiry Date") of its previously approved offering to its existing shareholders (the "Rights Offering") of transferrable rights ("Rights") to purchase additional common shares of the Company ("Common Shares") to raise gross proceeds of up to...

Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") is pleased to announce that on April 14, 2020 Forum Energy Limited ("FEL") completed a fund raising of US $2,500,000 which was achieved by FEL issuing new shares at a price of US $0.30 each. FEC was able to participate in the FEL fund raising thereby maintaining its 6.8% interest in FEL at a cost of approximately US$170,000. The Company is grateful to PXP Energy Inc. ("PXP") who advanced...