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Alpine Summit Energy Partners, Inc. (V:ALPS.U)

Business Focus: Oil & Gas Exploration and Production (NEC)

Jul 06, 2023 09:15 pm ET
Alpine Commences Voluntary Chapter 11 Process
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) and certain affiliates and related companies ("Alpine Summit", the "Company", or the "Debtors") today announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court") and intends to conduct a sale of its assets pursuant to Section 363 of the U.S. Bankruptcy Code. The Company entered Chapter 11 with a commitment for $15.5 million in debtor-in-possession ("DIP") financing, provided by its existing bank group, to support its operations during the sale and reorganization process (the "Chapter 11 Process"). The Debtors have also filed various "first day" motions with the Bankruptcy Court, providing customary relief that will enable them to continue operating in bankruptcy without meaningfully disrupting their normal course of operations.
Jul 06, 2023 04:09 pm ET
Canadian Investment Regulatory Organization Trading Halt - ALPS.U
VANCOUVER, BC, July 6, 2023 /CNW/ - The following issues have been halted by CIRO
Jun 21, 2023 07:15 pm ET
Alpine Announces Status of Sale Process
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 21, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that its Board of Directors unanimously voted to conclude its previously announced asset sale process, which was being conducted by Stephens Inc. ("Stephens").
Jun 02, 2023 05:00 pm ET
Alpine Summit Energy Partners Announces Changes to Its Board of Directors
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 2, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that Agenia Clark has resigned from its Board of Directors ("Board") effective June 2, 2023. Eugene Davis has been appointed as a member of the Board to fill the vacancy created by Ms. Clark's resignation. The Board also approved increasing the size of the Board and Tony Horton has been appointed as a member of the Board.
May 31, 2023 07:00 am ET
Alpine Summit Energy Partners Announces Issuance of Subordinate Voting Shares
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that it issued 19,494,709 Class A subordinate voting shares ("Subordinate Voting Shares") of the Company upon the redemption (the "Redemption") by a majority of the holders of Class B non-voting units of ("Units") of HB2 Origination, LLC ("Origination"), a subsidiary of Alpine Summit. An additional 15,947 Subordinate Voting Shares were issued in connection with the mandatory conversion of the outstanding Class C proportionate voting shares ("Proportionate Voting Shares") as a result of the Redemption.
May 26, 2023 04:15 pm ET
Alpine Summit Energy Partners Announces Results of AGM
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 26, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that shareholders approved all proposals put forth at the Company's Annual General Meeting of Shareholders (the "Meeting") held on May 25, 2023, including the re-election of all five directors of the Company, amendments to the Company's Deferred Share Unit Plan, and the reappointment of Weaver and Tidwell, LLP, as the independent registered public accounting firm of the Company. Detailed results of the proposals considered at the Meeting are disclosed in the Report of Voting Results filed under the Company's profile on SEDAR at www.sedar.com and in the Form 8-K filed under the Company's profile on EDGAR at www.sec.gov/edgar.
May 18, 2023 11:21 am ET
Alpine Summit Energy Partners Announces Notice of Lifting of Force Majeure at South Texas Operations
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 18, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that it received relief of a Force Majeure notice from its major midstream partner in South Texas which began on April 13, 2023. The notice specified that conditions were restored and operations had returned to normal as of May 15, 2023. Although these matters have been resolved, the Company still expects that the downtime associated with this force majeure event will have a significant impact on the Company's Q2 2023 results.
May 15, 2023 06:00 pm ET
Alpine Summit Energy Partners Announces First Quarter 2023 Financial and Operating Results
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2023. Alpine Summit's unaudited condensed consolidated financial statements and notes, as well as management's discussion and analysis (the "MD&A") and its Quarterly Report on Form 10-Q for the three months ended March 31, 2023 will be available under the Company's issuer profile at www.sedar.com and www.sec.gov/edgar, as well as on the Company's website at www.alpinesummitenergy.com.
May 10, 2023 06:15 pm ET
Alpine Summit Energy Partners Announces Notice of Force Majeure at South Texas Operations
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that it received notice of a "force majeure" from its major midstream provider in South Texas which began on April 13, 2023 and continues to restrict production. The force majeure event is attributed to unplanned outages at facilities downstream of the system, with the result that capacity on the system has been limited and the Company's allocated volumes in that area have been reduced by approximately 70%. The notice did not provide a timeline for resolution of this issue. Although the midstream provider anticipates that these downstream matters will be resolved shortly, the prolonged downtime will have a significant impact on the Company's results in the second quarter of 2023.
Apr 21, 2023 05:00 pm ET
Alpine Summit Energy Partners Announces Officer Departure
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - April 21, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that Chris Nilan has resigned as Senior Managing Director of Capital Markets, effective April 21, 2023, to pursue a new employment opportunity in commercial real estate finance.
Mar 27, 2023 07:00 am ET
Alpine Summit Energy Partners Announces Full Year 2022 Financial and Operating Results
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the year ended December 31, 2022. Alpine Summit's audited consolidated financial statements and notes, as well as management's discussion and analysis (the "MD&A") and its Annual Report on Form 10-K for the year ended December 31, 2022 will be available under the Company's issuer profile at "www.sedar.com" and "www.sec.gov/edgar", as well as on the Company's website at "www.alpinesummitenergy.com".
Mar 08, 2023 08:00 am ET
Alpine Summit Energy Partners Announces Engagement of Stephens Inc.
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 8, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced the hiring of Stephens Inc. as its financial advisor to pursue an asset sale for various strategic, high producing assets recently developed and proven by the Company. Proceeds of such sale are expected to retire existing liabilities as well as place additional capital on the Company's balance sheet.
Mar 03, 2023 05:00 pm ET
Alpine Summit Energy Partners Announces Director Resignation
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that Darren Tangen has resigned from its Board of Directors ("Board"), including its Compensation, Audit and Operations and Reserves Committees, effective March 2, 2023. Mr. Tangen accepted a new employment opportunity that precludes his participation on the Board.
Feb 27, 2023 08:00 am ET
Alpine Summit Energy Partners Provides Operational Update
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to provide an operational update before it reports its full year financial results, which it expects to do in late March 2023. All amounts are expressed in U.S. dollars unless otherwise stated.
Feb 23, 2023 08:00 am ET
Alpine Summit Energy Partners Announces Strategic Review of Assets
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that the Board of Directors is commencing a strategic review of its assets. The Company seeks to facilitate a timely and orderly response to unsolicited inquiries by other upstream oil and gas companies who have expressed interest in acquiring various assets of the Company. The goal of the review is to maximize shareholder value and better position the Company for long-term stability and growth.
Feb 03, 2023 09:00 am ET
Alpine Summit Energy Partners Announces Closing of Development Partnership Put Right
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 3, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that it has completed the previously announced (on January 20, 2023) exercise by six partners of the put right provided by the Company's fifth development partnership ("DP5"). On February 2, 2023, following receipt of approval from the TSX Venture Exchange, 499,794 Class B non-voting units of HB2 Origination, LLC (which are exchangeable on a one-for-one basis for Subordinate Voting Shares of the Company) were issued to these partners. Two of the DP5 partners (both of whom are insiders) exchanged their interests at a deemed value of US$5.23 per unit and the remaining four DP5 partners exchanged their interests at a deemed value of US$5.01 per unit.
Feb 01, 2023 08:00 am ET
Alpine Summit Energy Partners Announces February 2023 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 1, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.0315 per subordinate voting share for the month of February 2023. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.15 per share and a dividend on the Company's proportionate voting shares equal to US$0.0315 per share.
Jan 20, 2023 08:00 am ET
Alpine Summit Energy Partners Announces Repayment of Fifth Development Partnership and Closing of Seventh Development Partnership
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 20, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of its fifth development partnership ("DP5") that it formed during the second quarter of 2022, along with the concurrent closing of its seventh development partnership ("DP7").
Jan 05, 2023 05:03 pm ET
TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, Jan. 5, 2023 /CNW/ -
Jan 03, 2023 08:00 am ET
Alpine Summit Energy Partners Announces January 2023 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 3, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.0315 per subordinate voting share for the month of January 2023. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.15 per share and a dividend on the Company's proportionate voting shares equal to US$0.0315 per share.
Dec 13, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Increased Dividend Policy for 2023
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that Alpine Summit's Board of Directors has approved the Company's capital return program for 2023, which consists of i) increasing the existing monthly dividend by 5% and ii) continuing the share buyback program under the previously announced and approved normal course issuer bid.
Dec 01, 2022 08:00 am ET
Alpine Summit Energy Partners Announces December 2022 Dividend and Closing of Development Partnership Put Right
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) -  Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of December 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Nov 15, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Third Quarter 2022 Financial and Operating Results
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 15, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022 ("Q3 2022"). All amounts expressed in U.S. dollars unless otherwise stated.
Nov 10, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Repayment of Red Dawn 1 Development Partnership and Closing of Red Dawn 2 Development Partnership
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 10, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of the Red Dawn 1 development partnership ("Red Dawn 1") that it formed during the first quarter of 2022, along with the concurrent closing of Red Dawn 2 development partnership ("Red Dawn 2").
Nov 01, 2022 08:00 am ET
Alpine Summit Energy Partners Announces November 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 1, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of November 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Oct 04, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Expansion of Existing Credit Facility
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - October 4, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce the successful expansion of the existing corporate credit facility (the "Facility") of its operating subsidiary, HB2 Origination, LLC. The Facility, which originally had a total size of USD$30 million (as announced on March 14, 2022), is led by Bank7 Corp. ("Bank7") and is secured by working interests in a subset of the Company's producing assets. The Facility has been increased to a total size of USD$65 million and has a current borrowing base availability of USD$17.4 million. The Facility's maturity date and interest rate remain unchanged. The upsized Facility is expected to provide the Company with additional working capital flexibility.
Oct 03, 2022 08:00 am ET
Alpine Summit Energy Partners Announces October 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - October 3, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of October 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Sep 27, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Amendment to Normal Course Issuer Bid
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - September 27, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that the TSXV Venture Exchange (the "TSXV") has approved an amendment to the Company's normal course issuer bid (the "NCIB"), which commenced on June 10, 2022 and will conclude on the earlier of the date on which purchases under the NCIB have been completed and June 9, 2023.
Sep 26, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Listing on Nasdaq Global Market
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - September 26, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that the Nasdaq Stock Market LLC has approved the Company's application to list its Class A Subordinate Voting Shares ("SVS") on the Nasdaq Global Market ("Nasdaq"). The Company's SVS are expected to commence trading on Nasdaq at the opening of the market on September 28, 2022, under the ticker symbol "ALPS." The SVS will also continue to trade on the TSX Venture Exchange under the existing ticker symbol "ALPS.U." Shareholders of Alpine Summit who held shares previously traded on the U.S. OTC market under the symbol "ASEPF" do not need to take any action as the "ASEPF" shares will automatically move to Nasdaq and trade under the "ALPS" ticker symbol.
Sep 13, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Expansion of Securitized Financing
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the successful expansion of its asset backed securitization of certain producing oil and gas wells (the "Facility"), previously announced in May 2022. The Facility is being increased by US$55 million, to a total size of US$135 million, and has additional capacity to expand up to US$150 million in total. The Facility is secured by working interests in a subset of Alpine Summit's producing assets, which are held by an affiliate of its operating subsidiary, HB2 Origination, LLC, and charges interest at LIBOR + 8.00%. Proceeds from the Facility will be used for continued development activities, working capital, and general corporate purposes.
Sep 01, 2022 08:00 am ET
Alpine Summit Energy Partners Announces September 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - September 1, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of September 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Aug 24, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Second Quarter 2022 Financial and Operating Results
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - August 24, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2022 ("Q2 2022"). All amounts expressed in U.S. dollars unless otherwise stated.
Aug 02, 2022 08:00 am ET
Alpine Summit Energy Partners Announces August 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - August 2, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of August 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Jul 27, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Closing of Fourth Development Partnership Put Right
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - July 27, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that it has completed the previously announced exercise by nine partners of the put right provided by the Company's fourth development partnership has been completed. Following receipt of approval from the TSX Venture Exchange, 706,975 Class B non-voting units of HB2 Origination, LLC (which are exchangeable on a one-for-one basis for Subordinate Voting Shares of the Company) were issued to these partners on July 26, 2022, at a deemed value of US$5.85 per unit.
Jul 15, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Repayment of Fourth Development Partnership and Closing of Sixth Development Partnership
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - July 15, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of the fourth development partnership ("DP4") that it formed during the first quarter of 2022, along with the concurrent closing of its sixth development partnership ("DP6").
Jul 11, 2022 05:53 pm ET
Early Warning Report Disclosure
Nashville, Tennessee--(Newsfile Corp. - July 11, 2022) - This press release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers in connection with the filing of an Early Warning Report by Craig Perry as a result of the units ("OpCo Units") of HB2 Origination, LLC ("Origination"), a subsidiary of Alpine Summit Energy Partners, Inc. (the "Issuer"), that are held by Mr. Perry, directly and indirectly through HB2 Energy (as defined below), becoming exercisable to acquire 15,964,409 acquire subordinate voting shares ("Subordinate Voting Shares") of the Issuer on September 7, 2022, the one-year anniversary of the RTO (as defined below).
Jun 30, 2022 08:00 am ET
Alpine Summit Energy Partners Announces July 2022 Dividend and Results of AGM
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 30, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of July 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Jun 13, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Graduation to Tier 1 Status on the TSX Venture Exchange
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that the Company has been approved for graduation from Tier 2 issuer status to Tier 1 issuer status on the TSX Venture Exchange ("TSXV"), effective June 14, 2022.
Jun 07, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Commencement of Normal Course Issuer Bid
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 7, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that it has received approval from the TSX Venture Exchange ("TSXV") of its Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB"). Under the NCIB, the Company may purchase for cancellation up to 1,648,783 subordinate voting shares of the Company (the "Subordinate Voting Shares") (representing approximately 5% of its issued and outstanding Subordinate Voting Shares as of June 6, 2022) over a 12-month period commencing on June 10, 2022. The NCIB will expire no later than June 9, 2023.
Jun 02, 2022 08:00 am ET
Alpine Summit Energy Partners Announces June 2022 Dividend and Grant of Awards
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 2, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of June 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
May 25, 2022 04:30 pm ET
Alpine Summit Energy Partners Announces First Quarter 2022 Financial and Operating Results
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 25, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2022 ("Q1 2022"). Alpine Summit's unaudited condensed interim consolidated financial statements and notes, as well as management's discussion and analysis ("MD&A") for the three months ended March 31, 2022 will be available under the Company's issuer profile at "www.sedar.com" and "www.sec.gov/edgar," as well as on the Company's website at "www.alpinesummitenergy.com."
May 20, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Annual Meeting of Shareholders and Closing of DP3 Put Right
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 20, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the details of its upcoming Annual Meeting of Shareholders.
May 02, 2022 08:00 am ET
Alpine Summit Energy Partners Announces May 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 2, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of May 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
May 02, 2022 07:30 am ET
Alpine Summit Energy Partners Announces New Securitized Financing
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 2, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the successful closing of an asset backed securitization of certain producing oil and gas wells (the "Facility"). The Facility is being led by an insurance company and has an initial size of US$80 million with additional capacity to expand up to US$150 million in total. The Facility is secured by working interests in a subset of Alpine Summit's producing assets, which are held by an affiliate of its operating subsidiary, HB2 Origination, LLC, and charges interest at 7.00%.
Apr 27, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Repayment of Third Development Partnership and Closing of Fifth Development Partnership
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - April 27, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of the third development partnership ("DP3") that it formed during the fourth quarter of 2021, along with the concurrent closing of its fifth development partnership ("DP5").
Apr 25, 2022 07:15 pm ET
Alpine Summit Energy Partners Announces Fourth Quarter and Full Year 2021 Financial and Operating Results
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - April 25, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2021. Alpine Summit's audited consolidated financial statements and notes, as well as management's discussion and analysis (the "MD&A") for the three months and year ended December 31, 2021 will be available under the Company's issuer profile at "www.sedar.com" and "www.sec.gov/edgar", as well as on the Company's website at "www.alpinesummitenergy.com".
Apr 01, 2022 08:00 am ET
Alpine Summit Energy Partners Announces April 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - April 1, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of April 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Mar 14, 2022 09:00 am ET
Alpine Summit Energy Partners Announces New Expanded Credit Facility
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 14, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the successful closing of a new corporate credit facility (the "Facility") by its operating subsidiary, HB2 Origination, LLC. The Facility is led by Bank7 Corp. ("Bank7") and replaces the existing facility, which was announced on October 28, 2021. The Facility has a total size of USD$30 million. The Facility is secured by working interests in a subset of the Company's producing assets and charges interest at the greater of 5.00% and Prime +1.75%. The Facility, which has a one year maturity, is expected to provide the Company with additional working capital flexibility.
Mar 10, 2022 08:00 am ET
Alpine Summit Energy Partners Closes New Development Partnership and Provides Corporate Update
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the closing of a new development partnership, Alpine Red Dawn 1 ("RD1"), which will fund the addition of a third rig to supplement the Company's existing two rig program. RD1 has a capital plan of approximately US$50.4 million, with approximately US$30.3 million of external development capital, and is expected to continue to develop assets within the Company's existing operational footprint.
Mar 01, 2022 08:00 am ET
Alpine Summit Energy Partners Announces March 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 1, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of March 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Feb 01, 2022 08:00 am ET
Alpine Summit Energy Partners Announces February 2022 Dividend
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 1, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of February 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to US$3.00 per share and a dividend on the Company's proportionate voting shares equal to US$0.03 per share.
Jan 27, 2022 07:00 am ET
OTC Markets Group Welcomes Alpine Summit Energy Partners, Inc. to OTCQX
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced Alpine Summit Energy Partners, Inc. (TSX-V: ALPS.U; OTCQX: ASEPF), an energy developer and financial company focused on...
Jan 20, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Entry into the Permian
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 20, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQB: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce its operational expansion into the Permian, in Central Reeves County in the Delaware Basin. Starting in late March of this year, Alpine Summit plans to begin drilling three wells through a land partnership with Tegridy Oil & Gas, LLC. Alpine Summit ultimately intends to maintain ongoing drilling operations in the Permian alongside its current activity in the Giddings area and South Texas.
Jan 10, 2022 08:00 am ET
Alpine Summit Energy Partners Announces Repayment of Second Development Partnership and Closing of Fourth Development Partnership
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 10, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQB: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of the second development partnership ("DP2") that it formed during the third quarter of 2021, along with the concurrent closing of its fourth development partnership ("DP4").
Jan 04, 2022 08:00 am ET
Alpine Summit Energy Partners Announces That It Has Commenced Trading on the OTCQB
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 4, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQB: ASEPF) ("Alpine Summit" or the "Company") announces that, effective December 31, 2021, the Company's subordinate voting shares ("Shares") have commenced trading on the OTCQB Market ("OTCQB") under the symbol "ASEPF". Investors can find real-time quotes and market information for the Company on www.otcmarkets.com.
Dec 23, 2021 09:00 am ET
Alpine Summit Energy Partners Announces Change of Auditor
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 23, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") announces that effective December 22, 2021, RSM Alberta LLP ("RSM") has resigned as auditor and the Company has appointed Weaver and Tidwell, LLP ("Weaver") as the Company's independent registered public accounting firm for the year ending December 31, 2021 effective immediately, subject to completion of Weaver's customary client onboarding procedures.
Dec 14, 2021 04:30 pm ET
Alpine Summit Energy Partners Announces January 2022 Dividend and Grant of Awards
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of $0.03 per subordinate voting share for the month of January 2022. Simultaneously with declaring the dividend on the subordinate voting shares, the directors also declared a dividend on the Company's multiple voting shares equal to $3.00 per share and a dividend on the Company's proportionate voting shares equal to $0.03 per share.
Dec 02, 2021 08:00 am ET
Alpine Summit Energy Partners Announces Hiring of Alec Sheaff, Director, Carbon Markets and Offsets
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce the hiring of Alec Sheaff as Director, Carbon Markets and Offsets for its previously announced Alpine CapH4, LLC ("Alpine CapH4") platform. Alpine CapH4 is a wholly-owned subsidiary of HB2 Origination, LLC, the operating subsidiary of Alpine Summit.
Nov 23, 2021 08:00 am ET
Alpine Summit Energy Partners Announces Third Quarter 2021 Financial and Operating Results and Initiation of Capital Return Program
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 23, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. Alpine Summit's unaudited interim financial statements and notes, as well as Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2021 will be available at "www.sedar.com" and "www.sec.gov/edgar", as well as on our website at "www.alpinesummitenergy.com".
Oct 28, 2021 04:30 pm ET
Alpine Summit Energy Partners Announces Closing of Credit Facility
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - October 28, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce the successful closing of a new corporate credit facility (the "Facility") of its operating subsidiary, HB2 Origination, LLC. The Facility is undrawn at close and has a total size of up to USD$12.5MM with a one year maturity. The Facility is secured by working interests in a subset of the Company's producing assets and charges interest of prime +2.25%. The Facility is expected to provide the Company with additional working capital flexibility.
Oct 21, 2021 09:00 am ET
Alpine Summit Energy Partners Announces 2022 Guidance
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - October 21, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce its 2022 corporate guidance. In light of Alpine's recent drilling results as well as the continued strong commodity price environment, the Company expects gross production to average 13,500 BOE/day and EBITDA to be US$110MM for fiscal year end 2022. These figures are included in the corporate presentation which can be found on Alpine Summit's website (www.alpinesummitenergy.com) and update the forecasts (of 9,000 BOE/day and US$75MM of EBITDA) disclosed in the previous corporate presentation.
Oct 07, 2021 02:00 pm ET
TMX Group Equity Financing Statistics - September 2021
Toronto Stock Exchange, TSX Venture Exchange
Oct 07, 2021 07:00 am ET
Alpine Summit Energy Partners Announces Repayment of First Development Partnership and Closing of Third Development Partnership
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - October 7, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of the first development partnership ("DP1") that it formed during the first quarter of 2021, along with the concurrent closing of its third development partnership ("DP3").
Sep 30, 2021 09:00 am ET
Alpine Summit Energy Partners Announces Application to List on NASDAQ
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - September 30, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") today announced that it has submitted an application to list its subordinate voting shares ("Shares") on the NASDAQ Capital Market ("NASDAQ") and plans to file a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission ("SEC") in advance of the listing on NASDAQ.
Sep 23, 2021 05:01 pm ET
Alpine Summit Energy Partners Announces Strategic Partnership with Ageron Energy and Entry into South Texas Market
Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - September 23, 2021) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) ("Alpine Summit" or the "Company") is pleased to announce the formation of a new strategic partnership with Ageron Energy, LLC ("Ageron") and the signing of leases on nearly 8,000 net acres in Webb County, Texas. As part of this partnership and transaction, Alpine Summit will gain access to 35 to 40 attractive natural gas drilling locations in South Texas and will further strengthen its drilling capabilities by working alongside the experienced Ageron operating team. Alpine Summit expects to begin development of these new locations in October 2021, with first production targeted in early January 2022.