Shoal Point - Clarification to CEO letter
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2025) - In the CEO's letter released yesterday, the statement was made that "Total expenses to maintain our CSE listing amount to over $100,000 per year." We wish to clarify that listing fees are only part of that total, which includes legal fees, accounting fees, audit fees and more.We also wish to clarify that the next likely step will be a Cease Trade order, which will ultimately lead to a delisting if...
2025-06-06 3:00 PM EDT
Shoal Point CEO Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - As Chief Executive Officer of Shoal Point Energy Ltd. (CSE: SHP) (the "Company") I want to address the shareholders of the Company in relation to a letter received from the British Columbia Securities Commission noting the Company is in default by reason of the failure to file annual audited statements. As you may be aware, recent efforts at fund raising for the Company proved less than successful and as a...
2025-06-05 5:32 PM EDT
Shoal Point Energy: Consent Orders Agreed to in Litigation with Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point"), announced today that three consent orders between Shoal Point Energy Ltd. and His Majesty in Right of Newfoundland and Labrador ("HMK") have been agreed to and are being filed with the court.The first consent order settles a dispute regarding security for costs. Among other provisions, Shoal Point shall pay security for costs in the amount of $5,450 on...
2025-05-29 5:21 PM EDT
CFO Resigns
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("The Company"), announced today that the Board of the Company has accepted the resignation of Natasha Tsai as Chief Financial Officer of the Company, effective at today's date. Mark Jarvis has accepted the position of Interim Chief Financial Officer, also effective today.The Board wishes to thank Ms. Tsai for her service over the last six years.About Shoal Point Energy Ltd....
2025-04-30 4:05 PM EDT
Shoal Point Arranges Loan Facility with CEO
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Shoal Point Energy Ltd. (CSE: SHP), or "the Company", announced today that the Company has entered into a revolving loan facility with its CEO, Mark Jarvis, whereby Mr. Jarvis has agreed to loan the Company up to $150,000 from time to time in such installment amounts as the Company and the Lender may agree.Interest on outstanding principal shall be charged to Shoal Point at the rate of five percent (5%) per...
2025-04-01 4:59 PM EDT
Shoal Point Announces Options
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Shoal Point Energy Ltd. (CSE: SHP) today announces that, pursuant to its Stock Option Plan, the Company will be granting 780,000 stock options to certain employees, directors and consultants. The options will be exercisable at $0.05 per share with a 5 year term from the date of grant. About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The...
2024-11-14 1:15 PM EST
Shoal Point CEO Appears on NTV Evening News to Discuss Lawsuit
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - Shoal Point Energy Ltd. (CSE: SHP), announced today that CEO Mark Jarvis appeared on the NTV evening news program on Friday, where he was interviewed by journalist Don Bradshaw about Shoal Point's lawsuit against the government of Newfoundland and Labrador.The story can be viewed by visiting https://ntvplus.ca/programs/evening-newshour?category_id=152823 at the time stamps 4:28 - 7:35.About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange...
2024-11-04 8:37 AM EST
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Mark Jarvis, Chairman of Shoal Point Energy Ltd. (CSE: SHP) (the "Company") is pleased to announce the voting results on matters considered at its annual general meeting held in Vancouver on October 15, 2024.The nominees listed in the Company's management circular dated September 10, 2024 (the "Circular") being Mark Jarvis, Robert Millar, Eric Schneider and Brian Usher-Jones were elected to the board of directors of the Company ("the Board") until the...
2024-10-15 3:18 PM EDT
Shoal Point Energy Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2024) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (February 15 2024) non-brokered Private Placement. A total of 6,176,870 units were placed for total gross proceeds of $308,844.00.Each unit, priced at $0.05 per Unit, consisted of one share and one share purchase warrant. Each full warrant is exercisable at a strike price of $0.07 with an expiry on the third anniversary of the date...
2024-04-02 5:40 PM EDT
Shoal Point Announces Effective Date for Consolidation
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2024) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) (the "Company") is pleased to announce that the Company's common shares will begin trading on a post-consolidated basis at the opening of the market on February 29, 2024 under the existing trading symbol "SHP".As previously announced, the Company will be consolidating (the "Consolidation") its outstanding common share capital on the basis of two (2) pre-Consolidation shares for one (1) post-Consolidation share....
2024-02-27 1:10 PM EST
Shoal Point Announces Proposed Consolidation and Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2024) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) (the "Company"), announces today that it intends to consolidate all of its issued and outstanding common shares on a 2:1 basis (two old common shares for each one new common share) (the "Consolidation"). The effective date of the Consolidation and the new CUSIP for the common shares will be announced in the coming days.In addition the Company announces a non-brokered private...
2024-02-15 4:30 PM EST
Shoal Point Announces Options
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - Shoal Point Energy Ltd. (CSE: SHP) today announces that, pursuant to its Stock Option Plan, the Company will be granting 300,000 stock options to certain consultants. The options will be exercisable at $0.06 per share with a 5 year term from the date of grant. About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The Company is focused...
2023-12-21 3:57 PM EST
Shoal Point Energy - AGM Voting Results
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2023) - The following matters were put to vote at the Annual General Meeting of Shoal Point Energy Ltd. (CSE: SHP) (the "Issuer") held on December 19, 2023:The report on the voting results is as follows:1. Number of DirectorsBy vote of proxy and in person (For: 10,991,193 Shares, Against: 22,060) the number of directors was set at four.2. Election of DirectorsBy vote of proxy and in person, the following persons were elected...
2023-12-19 3:16 PM EST
Shoal Point Files Lawsuit Against Newfoundland and Labrador
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point" or "the Company"), announced today that the Company has filed a Statement of Claim in the Supreme Court of Newfoundland and Labrador against His Majesty the King in Right of Newfoundland and Labrador (Newfoundland). The claim seeks damages of at least $483,000,000.00 against Newfoundland for de facto expropriating and constructively taking the Company's interest in certain exploration lands,...
2023-11-24 9:25 AM EST
Shoal Point Announces Options
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2023) - Shoal Point Energy Ltd. (CSE: SHP) today announces that, pursuant to its Stock Option Plan, the Company will be granting 2,240,000 stock options to certain directors, employees, officers and consultants. The options will be exercisable at $0.05 per share with a 5 year term from the date of grant. About Shoal Point Energy Ltd. Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP"....
2023-07-21 3:02 PM EDT
Shoal Point Energy Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (March 22, 2023 and April 24, 2023) non-brokered Private Placement. A total of 5,550,000 units were placed for total gross proceeds of $277,500.Each unit, priced at $0.05 per Unit, consisted of one share and one share purchase warrant. Each full warrant is exercisable at a strike price of $0.06 with an expiry on the second...
2023-05-11 11:18 AM EDT
Shoal Point Energy Completes First Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that it has completed the first tranche of the Ten Million Units non-brokered private placement previously announced March 22, 2023.The Company completed the placement of 5,550,000 Units at $0.05 Cdn. for gross proceeds of $277,500.A 6% finder's fee and 6% finder's warrants were paid on a portion of the financing.Use of proceeds will be for general corporate purposes.The...
2023-04-24 3:45 PM EDT
Shoal Point Engages with Newfoundland Regarding Compensation
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point" or the "Company"), announced today that it has been engaging with the Government of Newfoundland and Labrador regarding compensation for its frustrated efforts to develop its hydrocarbon assets on the west coast of Newfoundland. "Our Company has spent more than $40 million on attempting to develop the Humber Arm Formation shale play offshore of the Port au Port peninsula,"...
2023-04-18 2:25 PM EDT
Shoal Point Announces Gas Pipeline Installed, Gas Production Commences
Vancouver British Columbia--(Newsfile Corp. - April 13, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the initial well of the Pratt County project has been connected by a spur line into Superior Pipeline's gathering system and gas production has commenced."We are currently producing gas on a restricted choke size at about 250 MCF per day," said Mr. Jarvis. "Our expectation is that as we gradually produce the gas cap, we will start...
2023-04-13 4:10 PM EDT
Shoal Point Announces Effective Date for Consolidation
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) (the "Company") is pleased to announce that the Company's common shares will begin trading on a post-consolidated basis at the opening of the market on April 3, 2023 under the existing trading symbol "SHP". As previously announced, the Company will be consolidating (the "Consolidation") its outstanding common share capital on the basis of two (2) pre-Consolidation shares for one (1)...
2023-03-30 3:20 PM EDT