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    BEN.H   CA1241021049

BUTTE ENERGY INC.

(BEN.H)
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Butte Energy Announces Update to Previously Announced Transaction

03/26/2021 | 07:48pm EDT

Butte Energy Inc. announced that it has learned of circumstances which lead it to believe that Genesis Group Limited ("Genesis) has breached its agreement with the Company. The Company has not yet formally communicated its position in this regard, and is evaluating its legal options. In the meantime, the Company has received a letter from Genesis which purports to confirm the Company's termination of the agreement with Genesis. The Company will provide further updates as developments occur. In the interim, funds received from subscribers to the subscription receipt financing announced on February 12, 2021 and February 19, 2021 will be returned to the subscribers as soon as possible.


ę S&P Capital IQ 2021
All news about BUTTE ENERGY INC.
08/26Butte Energy Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
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05/11Butte Energy Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
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04/19BUTTE ENERGY : IIROC Trading Resumption - BEN.H
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04/16BUTTE ENERGY : Announces Resumption of Trading
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03/26BUTTE ENERGY : Energy Announces Update to Previously Announced Transaction
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03/26Butte Energy Announces Update to Previously Announced Transaction
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03/23Butte Energy Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
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03/23Butte Energy Inc. Auditor Raises 'Going Concern' Doubt
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02/19BUTTE ENERGY : Genesis Mining Technologies (currently Butte Energy Inc.) Announces Increas..
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02/13TSX Venture Exchange Stock Maintenance Bulletins
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More news
Financials
Sales 2020 - - -
Net income 2020 -0,94 M -0,73 M -0,73 M
Net cash 2020 0,25 M 0,19 M 0,19 M
P/E ratio 2020 -78,6x
Yield 2020 -
Capitalization 57,5 M 44,9 M 45,0 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 57,3%
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Managers and Directors
Geir L. Liland Chief Executive Officer & Director
Joanna Vastardis Chief Financial Officer & Secretary
Donald Jeffrey Harder Independent Director
Travis Howard Musgrave Independent Director
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