FEC Resources Receives Cease Trade Order from BCSC
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") reports that on May 15, 2025 it received a cease trade order (CTO) from the British Columbia Securities Commission ("BCSC"). The CTO requires that the trading of the Company's securities must be ceased until the Company files its Audited Annual Financial Statements for the year ended December 31, 2024, its Management's Discussion and Analysis for the year ended December 31, 2024,...
2025-05-16 11:57 AM EDT
FEC Receives Further Extension for Loan Repayment
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") received a request for a repayment plan from PXP Energy Corporation ("PXP") with respect to the $738,206 principal and approximately $88,443 of accrued interest due to PXP by the Company. The loan was due on September 30, 2024.The Company is pleased to report that it requested and received an extension of the repayment due date from September 30, 2024 to...
2024-10-01 1:50 PM EDT
FEC Receives Extension for Loan Repayment
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") received a request for a repayment plan from PXP Energy Corporation ("PXP") with respect to the $678,206 principal and approximately $72,133 of accrued interest due to PXP by the Company. The loan is due on June 30, 2024.The Company is pleased to report that it requested and received an extension of the repayment due date from June 30, 2024 to...
2024-06-28 1:47 PM EDT
FEC Resources Brings Attention to Share Exchange Between PXP and Tidemark for Forum Shares
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2024) - FEC RESOURCES INC. (OTC PINK: FECOF) ("FEC" or the "Company") has noted the disclosure made by PXP Energy Corporation with respect to a share for share exchange with Tidemark Holdings Limited for shares of Forum Energy Limited ("Forum").Shareholders are encouraged to review the disclosure which can be found at the following link: https://www.pxpenergy.com.ph/company-disclosure/other-disclosure/may-21-2024/The Company is currently assessing the impact, if any, of the transaction on the carrying value of FEC's investment...
2024-05-27 12:25 PM EDT
FEC Resources Receives Extension on Loan Repayment and Converts Loans to Forum Energy Limited to Maintain 6.8 Percent Interest
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2023) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces that PXP Energy Corporation ("PXP") has extended the due date of loans to FEC to February 29, 2024, while all other terms remain the same. These loans from PXP carry interest at Libor plus 3.5%, with both interest and principal originally repayable on the earlier of: a) December 31, 2023, b) any equity issuance by FEC, c) any sale...
2023-12-22 2:49 PM EST
FEC Resources to Participate in Financing of Forum Energy Limited
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces that Forum Energy Limited ("FEL") has advised the Company of its intent to complete a $3,000,000 fund raising to repay its loan from PXP Energy Corporation ("PXP") and for general working capital purposes. FEC has agreed to participate in its pro-rata 6.8% share amounting to $204,000 through additional loans from PXP on the same terms and conditions as previsous...
2023-10-31 7:36 PM EDT
FEC Resources Reports on SC 72 Force Majeure Declaration
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2022) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") wishes to make shareholders aware of the following disclosure PXP Energy Corporation made to the Philippine Stock Exchange on October 17, 2022 regarding the granting of Force Majeure on Service Contract 72."PXP Energy Corporation ("the Company" or "PXP") wishes to inform the Exchange that (i) PXP, as operator under Service Contract No. 75 and (ii) Forum (GSEC 101) Limited ("Forum"), as...
2022-10-18 1:59 PM EDT
FEC Resources Brings Shareholders' Attention to Recent News Reports Regarding SC72
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2022) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") would like to bring to shareholders' attention that recent news articles in the Philippines have reported that the MOU between China and the Philippines concerning the exploration of oil and gas properties in the West Philippine Sea ("WPS"), which includes SC 72, has been terminated. In addition, news articles are also reporting that, despite the termination, both the...
2022-07-11 2:16 PM EDT
FEC Resources Reports on SC 72 Force Majeure Declaration
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2022) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") wishes to make shareholders aware of the following letter that was sent to the Philippine Stock Exchange by PXP Energy Corporation effectively declaring Force Majeure on Service Contract 72."11 April 2022PHILIPPINE STOCK EXCHANGE, INC.6/F Philippine Stock Exchange Tower 5th Avenue corner 28th Street Bonifacio Global City, Taguig CityAttention: Ms. Janet A. EncarnacionHead, Disclosure DepartmentGentlemen:PXP Energy Corporation ("the Company" or "PXP")...
2022-04-13 12:17 AM EDT
FEC Resources Receives Additional Cash Call for Participation in Forum Energy Limited's Pre-Drilling Funding
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces that Forum Energy Limited ("FEL") is continuing with its preparations for the drilling of two exploratory wells on Service Contract 72 ("SC 72") by June 2022 as required to keep SC 72 in good standing. FEL submitted an additional pre-drilling costs funding request to its larger shareholders, FEC's share of which will be a total of $198,620. $61,619...
2022-03-10 11:55 AM EST
FEC Resources Announces Participation in Forum Energy Limited's Pre-Drilling Funding
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces that Forum Energy Limited ("FEL") continues with its preparations for the drilling of two exploratory wells on Service Contract 72 ("SC 72") by June 2022 as required to keep SC 72 in good standing. FEL has submitted a pre-drilling costs funding request FEC's share of which will be approximately $224,400. To fund this amount FEC has today sold...
2021-11-10 2:30 PM EST
FEC Resources Announces Board and Management Changes
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces a number of changes to the Company's Board of Directors and management roles which will be effective October 30, 2020. Mr. Paul Wallace has resigned as President, Chief Executive Officer and Chief Financial Officer of the Company. Mr. Wallace will continue to serve as a non-executive director of the Company.Mr. Daniel Stephen Carlos has been appointed to the Board...
2020-10-29 4:00 PM EDT
FEC Resources Shares PXP Response to Philippine Stock Exchange
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") provides the following response that PXP Energy Corporation ("PXP") provided to the Philippine Stock Exchange in response to the recent stock trading activity."We reply to your letter dated 16th October 2020 with Ref. No.: OSD-20-0406, received by PXP Corporation (the "Company" or "PXP") on the same date, noting an unusual price movement in the trading of PXP shares at 09:30:00...
2020-10-19 1:47 PM EDT
FEC Resources Announces Retirement of Director
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") regrettably announces that Mr. Lyle Brown will be retiring from the board of the Company for health reasons effective October 31, 2020. Mr. Brown currently acts as an independent non-executive director and Chairman of the Company's Audit Committee. Paul Wallace, President stated: "We were fortunate indeed to have Lyle join us in 2013. He offered an independent mindset and...
2020-10-16 2:45 PM EDT
FEC Resources Reports Media Reports on Lifting of Ban on Oil and Gas Exploration in the West Philippine Sea
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") wishes to advise the market that it has become aware of media reports in the Philippines, which if correct, will potentially impact the Company's investment in Forum Energy Limited and its main asset Service Contract 72. Please refer to the link below which states that "Energy Secretary Alfonso Cusi said a "resume-to-work" notice has already been issued to contractors of Service...
2020-10-16 2:03 PM EDT
FEC Resources Announces the Results of Its Rights Offering, the Conversion to Equity of the Rights Offering Advance and the Use of Proceeds of the Rights Offering.
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces today that it completed its previously announced Rights Offering on July 31, 2020, receiving gross proceeds of approximately US$846,750, and converted into equity the Rights Offering Advance of US$170,111 previously received from PXP Energy Inc. ("PXP"), details of which were announced by the Company on April 14, 2020. This has resulted in the Company issuing a total of 451,938,606...
2020-08-03 3:55 PM EDT
FEC Resources Clarifies Rights Offering Requirements
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") wishes to clarify the terms of its previously announced rights offering. As announced, each eligible shareholder of record will receive 40 rights for every 20 shares they own on the record date. To further clarify, a minimum of 20 shares are required to participate in the offering and participation will only be accepted for multiples of 20 shares so that no fractional...
2020-07-24 7:09 PM EDT
FEC Resources Sets Records Date and Expiry of Previously Announced Rights Offering
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") announces today that its Board of Directors has fixed July 3, 2020 as the record date (the "Record Date") and July 31, 2020 as the expiry date (the "Expiry Date") of its previously approved offering to its existing shareholders (the "Rights Offering") of transferrable rights ("Rights") to purchase additional common shares of the Company ("Common Shares") to raise gross proceeds of up to approximately...
2020-06-26 2:31 PM EDT
FEC Reports on Forum Energy Financing
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") is pleased to announce that on April 14, 2020 Forum Energy Limited ("FEL") completed a fund raising of US $2,500,000 which was achieved by FEL issuing new shares at a price of US $0.30 each.FEC was able to participate in the FEL fund raising thereby maintaining its 6.8% interest in FEL at a cost of approximately US$170,000.The Company is grateful to PXP Energy...
2020-04-14 3:41 PM EDT
FEC Resources Announces Rights Offering and Files Registration Statement and Prospectus with the SEC
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC") announces today that its Board of Directors has approved an offering to its existing shareholders (the "Rights Offering") of non-transferrable rights ("Rights") to purchase additional common shares of the Company ("Common Shares") to raise gross proceeds of up to approximately US$1,841,147. In connection with the Rights Offering, the Company has filed with the U.S. Securities & Exchange Commission a registration statement on Form F-1...
2019-12-18 11:46 AM EST