CALGARY, Alberta – Razor Energy Corp. (“Razor” or the “Company”) ( TSXV: RZE ) announces its first quarter 2022 financial and operating results and the appointment of Michael Blair as Chief Operating Officer. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited interim condensed consolidated financial statements and management’s discussion and analysis for the three months ended March 31, 2022 which are available on SEDAR at ww w .seda r . c om and the Company’s website ww w . r a z or-ene r g y . c om . All amounts are expressed in Canadian dollars. Certain metrics, including those expressed on an adjusted basis, are non-IFRS and other financial measures. See “ Non-IFRS and Other Financial Measures” below. RECENTS HIGHLIGHTS Rights Offering : On May 11, 2022, the Company closed an oversubscribed rights offering for common shares of Razor (“Common Shares”) issued on a “flow-through” basis within the meaning of the Income Tax Act (Canada). A total of 23,314,466 rights were exercised, resulting in the issuance of 1,960,784 Common Shares for gross proceeds of approximately $5.0 million. The Company intends to use the proceeds to fund certain eligible […]
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