Overview
Description
About
Suite 3123
Vancouver, V7X 1J1, BC
Canada
Latest press releases
TSXV: BLU | OTCQX: BLUGF | F: 66E
VANCOUVER, BC, July 9, 2026 /CNW/ - BluEnergies Ltd. (TSXV: BLU) (OTCQX: BLUGF) (F: 66E) ("BLU" or the "Company") is pleased to announce that its previously announced non-brokered private placement of C$10,125,000 (the "Private Placement"), as announced earlier today, has been fully subscribed.
Closing of the Private Placement remains subject to final acceptance by the Exchange.
About BluEnergies Ltd.
BluEnergies Ltd. is a Canadian based oil and gas exploration and development company focused on offshore West Africa. The Company has recently partnered with TotalEnergies to explore its basin floor fan plays in Blocks LB-26, LB-30, and LB-31 covering an area of approximately 8,924 square kilometers (~2.2 million acres) located in the Harper Basin, in the deep-water offshore Liberia. Additionally, the Company recently acquired a previously discovered and tested sand channel play offshore Louisiana in the shallow water Gulf of America. For additional information on BluEnergies Ltd., please refer to the Company's website, www.blu-energies.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements made and information contained in this news release constitute "forward-looking information" within the meaning of applicable securities legislation ("forward-looking information"). Generally, this forward-looking information can, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof.
All statements other than statements of historical fact may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. In particular, this news release contains forward-looking information regarding the expected use of proceeds from the Private Placement and the Private Placement being subject to TSXV acceptance.
There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A available under the Company's profile at www.sedarplus.ca.
Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation and regulations applicable to the Company, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
SOURCE BluEnergies Ltd.
TSXV: BLU | OTCQX: BLUGF
VANCOUVER, BC, April 27, 2026 /CNW/ - BluEnergies Ltd. (TSXV: BLU) ("BLU" or the "Company") is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC").
A subsidiary of the Depository Trust & Clearing Corporation (DTCC), DTC handles electronic clearing and settlement for publicly traded companies. DTC eligibility is expected to simplify the trading of the Company's shares, making it more efficient for investors and brokers, and enhance liquidity in the United States. With DTC eligibility, the Company's shares can now be traded across a wider network of brokerage firms, accelerating the settlement process and improving access for a broader range of investors.
"Obtaining DTC eligibility marks an important step in expanding BLU's investor base and enhancing accessibility for shareholders," said Craig Steinke, Chief Executive Officer of BLU. "For investors, DTC eligibility is a key milestone that streamlines electronic trading and supports improved liquidity, which is especially important as we advance the development of our assets in the Harper Basin, Liberia and Gulf of America and continue to build long-term value across our portfolio."
The Company's shares recently began trading on the OTCQX® Best Market ("OTCQX") under the ticker BLUGF. DTC eligibility represents a central component of the Company's capital markets strategy, intended to modernize share transfer protocols and improve market efficiency for North American investors.
Engagement of Market Maker
The Company is also pleased to announce that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange ("TSXV") policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.
The agreement is dated January 8, 2026 and is for an initial term of one month and will renew for additional one-month terms unless terminated. Under the agreement, ITG will receive compensation of CAD$6,000 per month, payable monthly in advance. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest in or right to acquire, directly or indirectly, the securities of the Company.
Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
Initiation of Research Coverage by Granite Point Research
The Company further announces it engaged Granite Point Research Inc. ("Granite Point") to provide company sponsored equity research and investor awareness including the preparation and distribution of independent research activities for a period of one year. The agreement is dated March 2, 2026. In consideration of the services, the Company will pay Granite Point a fee of C$10,000 each calendar quarter, in arrears. Granite Point is located at 100 King Street West, Suite 5600, Toronto, Ontario, Canada and is an arm's length service provider to the Company. Granite Point does not offer investment banking services to its clients, and its employees do not serve as officers or directors of covered companies. Granite Point's employees do not own, trade, or have a beneficial interest in the securities of covered companies. The engagement remains subject to the approval of the TSX Venture Exchange.
About BluEnergies Ltd.
BluEnergies Ltd. is a Canadian based oil and gas exploration and development company focused on offshore West Africa. The Company has recently partnered with TotalEnergies to explore its basin floor fan plays in Blocks LB-26, LB-30, and LB-31 covering an area of approximately 8,924 square kilometers (~2.2 million acres) located in the Harper basin, in the deep-water offshore Liberia. Additionally, the Company recently acquired a previously discovered and tested sand channel play offshore Louisiana in the shallow water Gulf of America. For additional information on BluEnergies Ltd., please refer to the Company's website, www.blu-energies.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Statements included in this news release, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, the issuance of the securities to Haywood and Canaccord as compensation for the services to be rendered under the Advisory Agreements and the receipt of the acceptance of the Exchange, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bluenergies-announces-dtc-eligibility-engagement-of-market-maker-and-initiation-of-research-coverage-302753799.html
SOURCE BluEnergies Ltd.