Razor Energy Corp. announces fourth quarter and 2022 year end results

CALGARY, Alberta, May 01, 2023 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) ( TSXV: RZE ) announces its fourth quarter and year end 2022 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s audited consolidated financial statements, management’s discussion and analysis and annual information form (“AIF”) for the year ended December 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. RECAPITALIZATION TRANSACTION Summary On May 1, 2023, the Company announced a recapitalization transaction (the “Recapitalization Transaction”), including debt settlement (“Debt Settlement”) and a rights offering to all holders of common shares in the capital of Razor (“Razor Common Shares”) by way of a rights offering circular (the “Rights Offering”), pursuant to which: Razor will dispose of 70% of its common share holdings in FutEra Power Corp. (“FutEra”) and 100% of a class […]

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