Canadian IPOs

Company Name : Fireweed Energy Ltd.
 Company Profile
Filing Date : 9/11/2017
Offering : $40,000,000
Price : TBD
Closing Date : TBD
Exchange : TSX
Eligibility : British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories, Nunavut

Underwriters :
National Bank Financial Inc., Cormark Securities Inc.
Associations :
Issuer's Law Firm : DLA Piper (Canada) LLP
Underwriter's
Law Firm :
Burnet, Duckworth & Palmer LLP
Auditor : PricewaterhouseCoopers LLP
Transfer Agent : TSX Trust Company

Business Description :
Fireweed Energy Ltd. is a Canadian junior oil and natural gas company focused on growth through exploration, development, production and acquisition programs in the Western Canadian Sedimentary Basin (WCSB). Fireweed commenced oil and gas activities in late 2016. The Company's core growth areas are all located in NEBC Montney (an area within the WCSB extending from Grande Prairie, Alberta to approximately 100 km northwest of Fort St. John, British Columbia). The Company has assembled its land position through multiple acquisitions completed in early 2017. Fireweed's three core growth areas in the NEBC Montney are Greater Septimus, Fireweed/Inga and Stoddart/Oak. Fireweed holds approximately 142.1 gross (105.8 net) sections of Montney rights therein. The Company's Assets have had 7,260 gross (6,405 net) MBoe of proved plus probable reserves assigned, as at December 31, 2016. Fireweed's Assets have production of approximately 300 to 400 Boe/d (approximately 95% natural gas and 5% associated NGLs), which is being produced from deep legacy reservoirs (the Belloy, Wabamun and Halfway Formations) in the Stoddart/Oak and Greater Septimus areas.
 
Industry Category :Oil/Gas
 
Company Financials :
Fiscal Year-End :December 31
Financials :

 
Disclaimer: A preliminary prospectus, and any amendments thereto, relating to these securities has been filed with securities commissions in certain provinces, but has not yet become final for the purpose of distribution to the public. This web page shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission.


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