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Raptor Capital Corporation announces intention to reorganize
CALGARY, April 23 /CNW/ - Raptor Capital Corporation recently received
the draft of the annual Independent Engineering Reserve Evaluation of its oil
and gas properties. The Total Value of the Corporation's proven plus probable
oil and gas reserves utilizing a 10% discount rate and escalated prices has
declined from $3,204,000 as of December 31, 2005 to $904,000 as of
December 31, 2006. The major reason for this decline was the downgrading of
its reserves at Whiskey Creek, Alberta.
Whiskey Creek
Continuing infrastructure problems that have reduced the productivity of
the 6-8-22-3 W5M well at Whiskey Creek has resulted in the value of the
reserves for this well being down graded from $2,104,000 to $606,000.
Improvements to the infrastructure are not expected to be in place until late
2008. Raptor does not expect any significant cash flow from this well until
the system is improved in 2008.
Wandering River
During the past one and half years Raptor has acquired an interest in
15,360 acres at Wandering River and during the period November 2005 to January
2007 participated in the drilling of 8 wells, resulting in one gas well, and
Nodal analysis is being conducted on six wells to determine those that are
potential candidates for plunger lift application with sufficient
deliverability to warrant being tied in. Wandering River is not expected to
provide any significant cash flow to the Corporation in the near future.
Working Capital Deficiency
The corporation had a working capital deficiency as at December 31, 2006
of approximately $589,000 consisting of current assets of $194,000 and current
liabilities of $783,000. In addition the Corporation owed a total of $750,000
to secured Convertible Debenture holders as at December 31, 2006.
As a result of the above Management believes it will have to reorganize
the Corporation in order for it to remain as a going concern. Management is
currently considering the following initiatives as part of a reorganization
effort:
<<
A: Reducing or eliminating, where practicable, general and
administrative expenses;
B: Consolidation of the share capital of the Corporation;
C: Restructuring of the secured and unsecured debt;
D: Liquidating assets; and
E: The raising of additional funds through equity/debt offerings.
>>
Raptor Capital will attempt to preserve the Corporation as a going
concern. This will take cooperation from the unsecured creditors of Raptor,
the Convertible Debenture holders and its shareholders. Raptor expects to
announce the date for the holding of a special meeting of the shareholders to
consider the issues outlined in this press release in the near future.
Parties interested in obtaining further information or receiving news
releases and corporate documents from Raptor may e-mail such request to
bill@raptap.com or review the Company's documentation filed on SEDAR at
www.sedar.com.
This news release may contain certain forward-looking statements that
reflect the current views and/or expectations of Raptor Capital Corporation
with respect to its performance, business and future events. Such statements
are subject to a number of risks, uncertainties and assumptions. Actual
results and events may vary.
April 21 ,,,,,,still Halted.
They have no communication with their share holders.
Something Huge/big/massive in the works.
O'G
HALTED!!!!!!!!!!!!!!!!!!!!!!!!12:03EST
Market Regulation Services - Trading Halt - Raptor Capital Corp. - RCP
12:24 EDT Tuesday, April 17, 2007
VANCOUVER, April 17 /CNW/ - The following issues have been halted by Market Regulation Services (RS):
Issuer Name: Raptor Capital Corp.
TSX-V Ticker Symbol: RCP
Time of Halt: 12:03 EST
Reason for Halt: Pending News
For further information: Market Regulation Services Inc., (416) 646-7299
I've added to my position...hehehehe!
Hold tight this puppy has a long tail.
O'G
More insiders?
Apr 04/07 Mar 16/07 Wylie, William James 11 - Acquisition carried out privately Warrants 500,000
Apr 04/07 Mar 16/07 Wylie, William James 11 - Acquisition carried out privately Common Shares 1,000,000 $0.050
Insiders update
Mar 22/07 Mar 15/07 mackenzie, norman john 11 - Acquisition carried out privately Warrants 125,000 $0.100
Mar 22/07 Mar 15/07 mackenzie, norman john 11 - Acquisition carried out privately Common Shares 250,000 $0.050
2007-03-20 16:29 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 30, 2007.
Shares: 4.5 million units (each unit consists of one common share and one-half of one share purchase warrant)
Purchase price: five cents per unit
Warrants: 2.25 million share purchase warrants to purchase 2.25 million shares
Warrant exercise price: 10 cents for a period of two years
Hidden placees: one
Insiders: 243796 Alberta Ltd. (Milton Erickson) one million; 285876 Alberta Ltd. (Kathleen Mackenzie) one million; William J. Wylie one million; and Normal Mackenzie 500,000
More Insiders
Mar 19/07 Mar 16/07 Erickson, Milton Irvin 11 - Acquisition carried out privately Warrants 500,000 $0.100
Mar 19/07 Mar 16/07 Erickson, Milton Irvin 11 - Acquisition carried out privately Common Shares 1,000,000 $0.050
Mar 16/07 Mar 15/07 mackenzie, norman john 11 - Acquisition carried out privately Warrants 125,000 $0.100
Mar 16/07 Mar 15/07 mackenzie, norman john 11 - Acquisition carried out privately Common Shares 250,000 $0.050
Mar 14/07 Mar 14/07 Mackenzie, Kathleen 11 - Acquisition carried out privately Warrants 500,000 $0.100
Mar 14/07 Mar 14/07 Mackenzie, Kathleen 11 - Acquisition carried out privately Common Shares 1,000,000 $0.050
Feb 26/07 Feb 22/07 Wylie, William James 11 - Acquisition carried out privately Common Shares 400,000 $0.055
Feb 26/07 Feb 22/07 Wylie, William James 11 - Disposition carried out privately Common Shares -400,000 $0.055
Nov 08/06 Oct 17/06 Wylie, William James 11 - Acquisition carried out privately Warrants 200,000
Nov 08/06 Jul 28/04 Wylie, William James 00 - Opening Balance-Initial SEDI Report Warrants
Nov 08/06 Oct 17/06 Wylie, William James 11 - Acquisition carried out privately Common Shares 400,000 $0.050
Nov 07/06 Oct 31/06 Mackenzie, Kathleen 11 - Acquisition carried out privately Warrants 250,000
Nov 07/06 May 30/02 Mackenzie, Kathleen 00 - Opening Balance-Initial SEDI Report Warrants
Nov 07/06 Oct 31/06 Mackenzie, Kathleen 11 - Acquisition carried out privately Common Shares 500,000 $0.050
Oct 24/06 Oct 13/06 mackenzie, norman john 10 - Acquisition in the public market Common Shares 20,000 $0.040
Oct 24/06 Oct 11/06 mackenzie, norman john 10 - Acquisition in the public market Common Shares 20,000 $0.050
Oct 24/06 Oct 11/06 mackenzie, norman john 10 - Acquisition in the public market Common Shares 45,000 $0.040
Oct 17/06 Oct 17/06 Erickson, Milton Irvin 11 - Acquisition carried out privately Common Shares 200,000 $0.050
http://www.canadianinsider.com/coReport/index.php?stockSymbol=&searchType=symbol
Insiders holding strong.
Mar 16/07 Mar 15/07 mackenzie, norman john 11 - Acquisition carried out privately Warrants 125,000 $0.100
Mar 16/07 Mar 15/07 mackenzie, norman john 11 - Acquisition carried out privately Common Shares 250,000 $0.050
Mar 14/07 Mar 14/07 Mackenzie, Kathleen 11 - Acquisition carried out privately Warrants 500,000 $0.100
Mar 14/07 Mar 14/07 Mackenzie, Kathleen 11 - Acquisition carried out privately Common Shares 1,000,000 $0.050
Feb 26/07 Feb 22/07 Wylie, William James 11 - Acquisition carried out privately Common Shares 400,000 $0.055
Feb 26/07 Feb 22/07 Wylie, William James 11 - Disposition carried out privately Common Shares -400,000 $0.055
Nov 08/06 Oct 17/06 Wylie, William James 11 - Acquisition carried out privately Warrants 200,000
Nov 08/06 Jul 28/04 Wylie, William James 00 - Opening Balance-Initial SEDI Report Warrants
Nov 08/06 Oct 17/06 Wylie, William James 11 - Acquisition carried out privately Common Shares 400,000 $0.050
Nov 07/06 Oct 31/06 Mackenzie, Kathleen 11 - Acquisition carried out privately Warrants 250,000
Nov 07/06 May 30/02 Mackenzie, Kathleen 00 - Opening Balance-Initial SEDI Report Warrants
Nov 07/06 Oct 31/06 Mackenzie, Kathleen 11 - Acquisition carried out privately Common Shares 500,000 $0.050
Oct 24/06 Oct 13/06 mackenzie, norman john 10 - Acquisition in the public market Common Shares 20,000 $0.040
Oct 24/06 Oct 11/06 mackenzie, norman john 10 - Acquisition in the public market Common Shares 20,000 $0.050
Oct 24/06 Oct 11/06 mackenzie, norman john 10 - Acquisition in the public market Common Shares 45,000 $0.040
Oct 17/06 Oct 17/06 Erickson, Milton Irvin 11 - Acquisition carried out privately Common Shares 200,000 $0.050
http://www.canadianinsider.com/coReport/index.php?stockSymbol=&searchType=symbol
Raptor Capital Corporation announces closing of non brokered private placement
CALGARY, March 19 /CNW/ - Raptor Capital Corporation (RCP: TSX Venture
Exchange) Raptor Capital Corporation ("Raptor") announces that at the close of
business on March 16, 2007 it closed its previously announced non-brokered
private placement (the "Offering") of units at a price of $0.05 per Unit for
gross proceeds of up to $500,000. Each Unit consists of one common share
("Common Share") and one half of one share purchase warrant ("Warrant"). Each
whole Warrant shall entitle the holders thereof to purchase an additional
Common Share for a period of two years from the closing date at a price of
$0.10 per Common Share. The Units and underlying securities will be subject to
a four month hold period.
Raptor received subscriptions for an aggregate subscription amount of
$225,000. Insiders subscribed for an aggregate of $175,000. Raptor has
determined that an exemption from the valuation and minority approval
requirements of the Ontario Securities Commission Rule 61-501 is available as
the units offered pursuant to the private placement and the consideration
received by Raptor from the insiders and related parties does not exceed
$2,500,000, and because the fair market value of the consideration received
from insiders does not exceed 25% of Raptor's market capitalization.
The proceeds of the private placement are intended to be used by Raptor
for the payment of the costs of drilling and testing the wells that were
drilled in 2006 and for general corporate purposes.
Parties interested in obtaining further information or receiving news
releases and corporate documents from Raptor may e-mail such request to
Bill@raptap.com or review the Company's documentation filed on SEDAR at
www.sedar.com.
Raptor Capital drills final three wells in NE Alberta
2007-03-09 17:44 ET - News Release
Mr. William Wylie reports
RAPTOR CAPITAL CORPORATION ANNOUNCES TESTING RESULTS - NE ALBERTA
Raptor Capital Corp. and its partners have drilled the final three wells of its eight-well drilling program in northeast Alberta. The operator of the program has concluded a testing program on the wells and will be tying in one well before breakup at an anticipated rate of approximately 200 thousand cubic feet per day (Raptor 25 per cent before payout). The operator is also conducting nodal analysis on six wells that exhibited pressures in excess of 1,000 kilopascals of bottom-hole pressure. This analysis is being undertaken to determine which of the six wells will be viable candidates for plunger lift application and have sufficient deliverability to warrant being tied in. The corporation and its partners will continue to evaluate the remaining 16 sections of land (Raptor 12.5-per-cent working interest) to determine a drilling program for the fourth quarter of 2007 and the first quarter of 2008.
We have a steady climb in the works.
We await News from Northern Alberta
GLTA.................O'G
Raptor Capital arranges $500,000 private placement
2007-01-30 16:37 ET - News Release
Mr. William Wylie reports
RAPTOR CAPITAL CORPORATION ANNOUNCES INTENTION TO CONDUCT NON BROKERED PRIVATE PLACEMENT
Raptor Capital Corp. intends to complete a non-brokered private placement of up to 10 million units at a price of five cents per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant shall entitle the holders thereof to purchase an additional common share for a period of two years from the closing date at a price of 10 cents per common share. The units and underlying securities will be subject to a four-month hold period. A 6-per-cent commission on certain portions of the proceeds from the offering will be paid to agents and non-arm's-length finders. Insiders to Raptor will be subscribing under the offering. The proposed private placement is subject to the approval of the TSX Venture Exchange.
Huge volume past two trading days.
Something is in the works.
01/25/07 0.040 0.040 0.030 0.030 173,000
01/24/07 0.030 0.040 0.030 0.030 2,677,100
01/23/07 0.035 0.040 0.030 0.030 9,983,00
O'G
Historical.....
Date Close High Low Volume
Jan 16 0.045 0.045 0.045 29,000
Jan 15 0.040 0.040 0.040 72,000
Jan 12 0.040 0.040 0.040 4,000
Jan 11 0.035 0.045 0.035 26,000
Jan 10 0.040 0.040 0.040 0
Jan 09 0.040 0.040 0.035 122,800
Jan 08 0.045 0.045 0.040 102,000
Jan 05 0.040 0.040 0.040 83,000
Jan 04 0.035 0.045 0.035 486,000
Jan 03 0.035 0.040 0.035 462,000
Jan 02 0.040 0.040 0.030 362,000
Jan 01 0.045 0.045 0.045 0
Dec 29 0.045 0.045 0.035 189,000
Dec 28 0.040 0.040 0.030 153,000
Dec 27 0.030 0.030 0.030 0
Dec 26 0.030 0.030 0.030 0
Dec 25 0.030 0.030 0.030 0
Dec 22 0.030 0.030 0.030 0
Dec 21 0.030 0.030 0.030 100,500
Dec 20 0.030 0.035 0.030 120,000
Dec 19 0.035 0.035 0.035 0
Dec 18 0.035 0.035 0.035 19,500
Dec 15 0.035 0.035 0.035 0
Dec 14 0.035 0.035 0.035 0
Dec 13 0.035 0.035 0.035 0
Dec 12 0.035 0.040 0.035 265,000
Dec 11 0.035 0.040 0.035 81,000
Dec 08 0.040 0.040 0.030 172,300
=========================================
Date Open High Low Close Volume
12/07/06 0.035 0.040 0.035 0.040 1,087,500
12/06/06 0.030 0.035 0.030 0.035 57,000
12/05/06 0.035 0.035 0.030 0.030 142,000
12/04/06 0.035 0.035 0.035 0.035 137,000
12/01/06 0.040 0.040 0.035 0.035 115,000
11/30/06 0.040 0.040 0.040 0.040 17,500
11/29/06 0.035 0.040 0.035 0.040 78,000
11/28/06 0.040 0.040 0.035 0.040 54,000
11/27/06 0.035 0.035 0.035 0.035 64,000
11/24/06 0.035 0.035 0.035 0.035 3,800
11/22/06 0.040 0.040 0.035 0.035 502,000
11/21/06 0.040 0.040 0.035 0.035 157,000
11/20/06 0.040 0.040 0.035 0.035 176,000
11/17/06 0.035 0.035 0.030 0.035 100,000
11/16/06 0.040 0.040 0.035 0.035 182,500
11/15/06 0.035 0.040 0.035 0.040 231,000
11/14/06 0.035 0.040 0.035 0.035 205,000
11/13/06 0.045 0.045 0.040 0.040 62,000
11/10/06 0.040 0.045 0.040 0.040 142,500
11/09/06 0.040 0.040 0.040 0.040
11/08/06 0.035 0.040 0.030 0.040 198,000
11/07/06 0.035 0.040 0.035 0.040 175,000
11/06/06 0.035 0.040 0.030 0.030 309,000
11/03/06 0.035 0.040 0.030 0.030 276,570
11/02/06 0.030 0.035 0.030 0.035 440,000
11/01/06 0.035 0.035 0.030 0.035 41,000
10/30/06 0.030 0.040 0.030 0.035 270,000
10/26/06 0.035 0.035 0.030 0.030 106,000
10/25/06 0.035 0.040 0.030 0.035 240,000
10/24/06 0.040 0.040 0.035 0.035 15,000
10/20/06 0.035 0.040 0.030 0.030 133,000
10/19/06 0.035 0.035 0.035 0.035 81,000
10/18/06 0.040 0.040 0.030 0.030 84,000
10/17/06 0.035 0.035 0.030 0.035 59,000
10/16/06 0.030 0.030 0.030 0.030 7,000
10/13/06 0.030 0.040 0.030 0.035 42,500
10/12/06 0.035 0.035 0.035 0.035 70,000
10/11/06 0.035 0.050 0.030 0.050 558,000
10/10/06 0.035 0.035 0.030 0.035 13,000
10/05/06 0.035 0.035 0.035 0.035 1,000
10/03/06 0.035 0.035 0.035 0.035 2,000
10/02/06 0.035 0.035 0.035 0.035 101,000
09/29/06 0.035 0.035 0.035 0.035 71,429
09/26/06 0.035 0.035 0.035 0.035 2,000
09/22/06 0.035 0.040 0.035 0.040 84,500
09/20/06 0.035 0.035 0.035 0.035 33,000
09/19/06 0.040 0.040 0.040 0.040 80,000
09/18/06 0.035 0.035 0.035 0.035 50,500
09/15/06 0.040 0.040 0.040 0.040 85,000
09/13/06 0.035 0.040 0.030 0.040 332,000
09/12/06 0.040 0.040 0.040 0.040 30,000
09/11/06 0.040 0.040 0.040 0.040 49,000
09/07/06 0.045 0.045 0.040 0.040 130,000
09/06/06 0.035 0.045 0.035 0.045 117,000
09/05/06 0.040 0.040 0.040 0.040 65,000
09/01/06 0.035 0.040 0.035 0.040 125,000
08/31/06 0.040 0.040 0.040 0.040 54,000
08/30/06 0.040 0.040 0.040 0.040 22,000
08/29/06 0.045 0.045 0.040 0.040 40,000
08/28/06 0.050 0.050 0.045 0.045 45,776
Raptor Capital Corporation Announces Preliminary Drilling Results in NE Alberta
1/8/2007
CALGARY, Jan. 8, 2007 (Canada NewsWire via COMTEX News Network) --
(RCP-TSX Venture): Raptor Capital Corporation ("Raptor" or the "Corporation") is pleased to announce that the Corporation and its partners have drilled and cased the first of three wells in a proposed eight-well drilling program in NE Alberta. The balance of the eight-well drilling program is anticipated to commence upon obtaining positive results of these three wells and further evaluation and testing of the three wells that were drilled and cased last spring. Raptor now has an interest in a total of 24 sections of land in the area. It is anticipated that first production will occur prior to spring breakup should the testing and engineering evaluation prove these wells to be economic.
Parties interested in obtaining further information or receiving news releases and corporate documents from Raptor may e-mail such request to Bill@raptap.com or review the Company's documentation filed on SEDAR at www.sedar.com.
This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Raptor Capital Corporation with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary.
Non-brokered PP..
Raptor Capital Corporation announces closing of non-brokered private placement
11/17/2006
CALGARY, Nov. 17, 2006 (Canada NewsWire via COMTEX News Network) --
Raptor Capital Corporation (RCP: TSX Venture Exchange) Raptor Capital Corporation ("Raptor") is pleased to announce that at the close of business on November 17, 2006 it closed the remainder of its previously announced non-brokered private placement (the "Offering") of units at a price of $0.05 per Unit for gross proceeds of up to $800,000. Each Unit consists of one common share ("Common Share") and one half of one share purchase warrant ("Warrant"). Each whole Warrant shall entitle the holders thereof to purchase an additional Common Share for a period of two years from the closing date at a price of $0.10 per Common Share. The Units and underlying securities will be subject to a four month hold period.
Raptor previously announced the Offering on September 6, 2006. As such, under the policies of the TSX Venture Exchange, Raptor had until October 19, 2006 to close the Offering. The first tranche of the private placement closed on October 19, 2006, and the TSX Venture Exchange granted an extension of the time to close the Offering until November 17, 2006.
Under this second and final tranche of the Offering, Raptor received subscriptions for an aggregate subscription amount of $70,000. Together with the first closing, aggregate subscriptions were received in the amount of $411,000 and insiders subscribed for an aggregate of $110,000. Raptor has determined that an exemption from the valuation and minority approval requirements of the Ontario Securities Commission Rule 61-501 is available as the units offered pursuant to the private placement and the consideration received by Raptor from the insiders and related parties does not exceed $2,500,000, and because the fair market value of the consideration received from insiders does not exceed 25% of Raptor's market capitalization.
The proceeds of the private placement are intended to be used by Raptor for the completion and equipping of three (3) gas wells that were drilled in early 2006 and for the drilling of up to eight (8) additional shallow gas wells in northeast Alberta and for general corporate purposes.
Parties interested in obtaining further information or receiving news releases and corporate documents from Raptor may e-mail such request to Bill@raptap.com or review the Company's documentation filed on SEDAR at www.sedar.com.
This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Raptor Capital Corporation with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary.
Insiders............
Today we are at .035 or .04 cents .
Insider name: Erickson, Milton Irvin
Insider's Relationship to Issuer: 4 - Director of Issuer, 5 - Senior Officer of Issuer
Security designation: Common Shares
812938 2006-10-17 2006-10-17 Direct Ownership :
11 - Acquisition or disposition carried out privately +200,000 0.0500 412,659
812963 2006-10-17 2006-10-17 Indirect Ownership :
243796 Alberta Ltd. 11 - Acquisition or disposition carried out privately +400,000 0.0500 1,002,500
812968 2006-10-17 2006-10-17 Indirect Ownership :
RRSP 11 - Acquisition or disposition carried out privately +200,000 0.0500 250,000
>
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Insider name: Mackenzie, Kathleen
Insider's Relationship to Issuer: 4 - Director of Issuer
Security designation: Common Shares
823282 2006-10-31 2006-11-07 Control or Direction :
285876 Alberta Ltd. 11 - Acquisition or disposition carried out privately +500,000 0.0500 898,334
Security designation: Warrants (Common Shares)
823291 2002-05-30 2006-11-07 Control or Direction :
285876 Alberta Ltd. 00 - Opening Balance-Initial SEDI Report Common Shares
823305 2006-10-31 2006-11-07 Control or Direction :
285876 Alberta Ltd. 11 - Acquisition or disposition carried out privately +250,000 250,000 0.1000 2008-10-19 Common Shares +250,000 250,000
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Insider name: mackenzie, norman john
Insider's Relationship to Issuer: 4 - Director of Issuer, 5 - Senior Officer of Issuer
Security designation: Common Shares
632488 2006-01-06 2006-01-24 Direct Ownership :
10 - Acquisition or disposition in the public market +25,000 85.0000 1,365,000
816058 2006-10-11 2006-10-24 Direct Ownership :
10 - Acquisition or disposition in the public market +45,000 0.0400 1,410,000
816059 2006-10-11 2006-10-24 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.0500 1,430,000
816060 2006-10-13 2006-10-24 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.0400 1,450,000
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Insider name: Wylie, William James
Insider's Relationship to Issuer: 4 - Director of Issuer, 5 - Senior Officer of Issuer
Security designation: Common Shares
823798 2006-10-17 2006-11-08 Direct Ownership :
11 - Acquisition or disposition carried out privately +400,000 0.0500 421,667
Security designation: Warrants (Common Shares)
823803 2004-07-28 2006-11-08 Direct Ownership :
00 - Opening Balance-Initial SEDI Report Common Shares
823810 2006-10-17 2006-11-08 Direct Ownership :
11 - Acquisition or disposition carried out privately +200,000 200,000 0.1000 2008-10-19 Common Shares +200,000 200,000
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