News & Videos - DIVESTCO INC A ORD

Calgary, Alberta--(Newsfile Corp. - June 2, 2019) - Divestco Inc. (TSXV: DVT.H) (" Divestco " or the " Company ") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the " CCAA ") and previously announced sales solicitation process (the " SSP ") that concluded on April 30, 2019 with 2179602 Alberta Ltd. (the " Purchaser ") emerging as the "Successful Bidder", the Company completed the sale of substantially all of its...

Calgary, Alberta--(Newsfile Corp. - May 14, 2019) - Divestco Inc. (TSXV: DVT.H) (" Divestco " or the " Company ") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the " CCAA ") and previously announced sales solicitation process (the " SSP ") that concluded on April 30, 2019 with 2179602 Alberta Ltd. (the " Purchaser ") emerging as the "Successful Bidder", the Company today received authorization from the Court of...

Calgary, Alberta--(Newsfile Corp. - May 8, 2019) - Divestco Inc. (TSXV: DVT.H) (" Divestco " or the " Company ") announces a cease trade order was issued by the Alberta Securities Commission on May 6, 2019 for failure to file its annual financial statements for the year ended December 31, 2018, including the related management discussion and analysis and annual filing certifications (collectively, the " Annual Filings "). The Annual Filings were required to be filed by April 30, 2019. As...

Calgary, Alberta--(Newsfile Corp. - May 1, 2019) - Divestco Inc. (TSXV: DVT.H) (" Divestco " or the " Company ") is pleased to announce that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the " CCAA ") and previously announced sales solicitation process (the " SSP ") that commenced marketing on April 1, 2019 and officially closed effective as of 12:00 p.m. MDT today, 2179602 Alberta Ltd. (the " Proposed Purchaser ") has emerged as the...

Calgary, Alberta--(Newsfile Corp. - April 1, 2019) - Further to its announcement of March 27, 2019, Divestco Inc. (TSXV: DVT.H) (" Divestco " or the " Company ") announces that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the " CCAA ") and approval from the Court of Queen's Bench of Alberta of the sales solicitation process (the " SSP "), formal marketing of the Company's assets has been initiated, effective today. Interested parties can...

Calgary, Alberta--(Newsfile Corp. - March 27, 2019) - Further to its announcement of March 19, 2019, Divestco Inc. (TSXV: DVT.H) (" Divestco " or the " Company ") announces that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the " CCAA "), it has received approval from the Court of Queen's Bench of Alberta to commence its supervised sales solicitation process (the " SSP "), to be carried out by Divestco and its financial advisor Grant...

Calgary, Alberta--(Newsfile Corp. - March 19, 2019) - Divestco Inc. (TSXV: DVT) (" Divestco " or the " Company ") is pleased to announce that its Board of Directors has appointed Steve Sinclair-Smith, the Company's current Chief Operating Officer, as a new director of the Company. Mr. Sinclair-Smith has been an integral part of the Divestco team since 2003 and brings to the Board extensive institutional knowledge and experience respecting the day-to-day operations and operational and industry...

Calgary, Alberta--(Newsfile Corp. - February 28, 2019) - Divestco Inc. (TSXV: DVT) (" Divestco " or the " Company ") announces that its Board of Directors has approved the Company's initiation of proceedings at the Court of Queen's Bench of Alberta to seek creditor protection under the Companies' Creditors Arrangement Act (the " CCAA "). After careful consideration of all other available alternatives, Divestco's Board of Directors has determined that it is in the best interests of the Company...

Calgary, Alberta--(Newsfile Corp. - December 13, 2018) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company") is pleased to announce the appointment of Ruth Summers as CFO effective December 1, 2018. Ms. Summers brings over 20 years of financial advisory and capital markets experience in a variety of sectors including upstream and midstream oil and gas, power generation, public infrastructure and alternative energy. Ms. Summers was most recently working for a public oil and gas company in...

Calgary, Alberta--(Newsfile Corp. - November 29, 2018) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company"), an exploration services company dedicated to providing a comprehensive and integrated portfolio of data, software and services to the oil and gas industry worldwide, today announced its financial and operating results for the three and nine months ended September 30, 2018. Financial Highlights Overall Performance and Operational Results To view an enhanced version of this graphic,...

Calgary, Alberta--(Newsfile Corp. - September 27, 2018) - Divestco Inc. (TSXV: DVT) (" Divestco " or the " Company ") announces that it has entered into secured loan agreements (the " Loan s "), with Wade Brillon and Marvin Lefebvre, both directors of Divestco, and O Consulting Ltd. (a corporation controlled by Bruce Webster, an existing shareholder of the Corporation) (collectively, the " Lenders ") for an aggregate of $2.05 million for the purpose of funding Divestco's immediate working...

Calgary, Alberta--(Newsfile Corp. - August 28, 2018) - Divestco Inc. (TSXV: DVT) ("Divestco" or the "Company"), an exploration services company dedicated to providing a comprehensive and integrated portfolio of data, software and services to the oil and gas industry worldwide, today announced its financial and operating results for the three and six months ended June 30, 2018. Financial Highligh ts Overall Performance and Operational R esults To view an enhanced version of this table, please...

Calgary, Alberta--(Newsfile Corp. - July 19, 2018) - Divestco Inc. (TSXV: DVT) (" Divestco " or the " Company ") today announced that Danny Chiarastella, Chief Financial Officer, has resigned and will be leaving the Company effective August 2, 2018. Mr. Stephen Popadynetz, Chief Executive Officer and President: "On behalf of the management and Board of Directors, I would like to thank Danny for his contributions and years of service to Divestco. While we will miss Danny's efforts at Divestco, we...

CALGARY, Alberta, June 04, 2018 (GLOBE NEWSWIRE) -- (TSX-V:DVT) – Divestco Inc. (" Divestco " or the " Company ") is pleased to announce that further to its news releases dated March 6, 2018 and May 3, 2018, Divestco has successfully closed the second tranche of its non-brokered private placement (the " Private Placement ") and issued 1,732,500 Class A shares of Divestco (the " Shares ") at a price of $0.10 per Share for gross proceeds of $173,250. Divestco intends to complete additional...

CALGARY, Alberta, May 30, 2018 (GLOBE NEWSWIRE) -- Divestco Inc. (“Divestco” or the “Company”) (TSX-V:DVT), an exploration services company dedicated to providing a comprehensive and integrated portfolio of data, software and services to the oil and gas industry worldwide, today announced its financial and operating results for the three months ended March 31, 2018. Financial Highlights Overall Performance and Operational Results Financial Results (Thousands, Except Per Share Amounts)...

CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Divestco Inc. (" Divestco " or the " Company ") (TSX-V:DVT) is pleased to announce that further to its news release dated March 6, 2018, Divestco has successfully closed the first tranche of its non-brokered private placement (the " Private Placement ") and issued 4,025,000 Class A shares of Divestco (the " Shares ") at a price of $0.10 per Share for gross proceeds of $402,500. Divestco intends to complete additional closings in respect of the...

CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- (TSX-V:DVT) – Divestco Inc. (“Divestco” or the “Company”), an exploration services company dedicated to providing a comprehensive and integrated portfolio of data, software and services to the oil and gas industry worldwide, today announced its financial and operating results for the three months and year ended December 31, 2017. Financial Highlights Overall Performance and Operational Results Financial Results (Thousands, Except Per...

CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) -- Further to its press release issued on April 20, 2018, Divestco Inc. (“ Divestco ” or the “ Company ”) (TSX-V:DVT) is pleased to announce that it has closed a financing arrangement for $3.15 million (the “ Loan ”), the proceeds of which were used to repay the Company’s existing $3.0 million term loan with BC-OSB Holdings Ltd. The Loan has a 30-month term and bears interest at a rate of 15% per annum compounded monthly in arrears...

CALGARY, Alberta, April 20, 2018 (GLOBE NEWSWIRE) -- Divestco Inc. (" Divestco " or the " Company ") announces that it intends to enter into a financing arrangement for $3.15 million with a 30-month term and an interest rate of 15% per annum (the " Loan ") compounded monthly in arrears until maturity. The majority of the Loan will be held by directors and other insiders of Divestco. The proceeds of the Loan will be used to repay a $3.0 million term loan with BC-OSB Holdings Ltd. (the " Existing...

CALGARY, Alberta, April 09, 2018 (GLOBE NEWSWIRE) -- Bird River Resources Inc. (CSE:BDR) (“Bird River”) and Divestco Inc. (TSXV:DVT) (“Divestco”) today announced a joint venture to create a high-volume, cost-effective commercial cryptocurrency mining operation based in Calgary, Alberta using existing infrastructure. This follows a previously announced joint cogeneration agreement under which the two companies have joined forces to produce low-cost electricity by converting natural gas to...