Razor Energy Corp V.RZE.H

Alternate Symbol(s): V.RZE.WT.H | RZREF

Razor Energy Corp. is a Canada-based junior oil and gas development and production company. The Company is focused on acquiring, enhancing, and producing oil and gas from properties primarily in Alberta. The Company produces primarily light oil, natural gas, and natural gas liquids in Alberta. Its operations include Swan Hills/Kaybob Region and Southern Alberta Region. The Swan Hills/Kaybob region has approximately 250,600 (174,100 net) acres of land held by production. This region has a daily average production of around 3,305 barrels of oil equivalent per day (boe/d). The Southern Alberta region has approximately 78,200 (49,600 net) acres of land mainly held by production. This region is focused on production and development of medium gravity oil in the Glauconite formation and natural gas in the Mannville Group and has a daily average production of around 482 (boe/d). Its subsidiary, Blade Energy Services, provides services, such as fluid hauling and other oilfield services.

TSXV:RZE.H - Post by User

Razor Energy Corp > Flow-Through Rights Offering for up to $5 Million

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Comment by Tanman1914on Apr 04, 2022 1:30am

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Post# 34572070

RE:RE:Flow-Through Rights Offering for up to $5 Million

On April 7th you will receive 1 "right" for every 11 stocks you own of RZE on that date. You have about 3 weeks to either sell your right to someone else, excercise it or let it expire.

If you chose to excercise some or all of your rights. Then 1 right allows you to buy one share of RZE at a discounted price of 2.55 CAD. Also... it gives you a tax advantage because it is a "flow-thru" share if you excercise them in a non-registered account. (I recommend just moving your rights into a non-registered account and excercising them in there) RZE is pritty much giving some of there tax pools back to shareholders in this way.

if you live outside of Canada such as in usa. I reccomend selling your "rights"

It doesn't really dilute the shares too much because it is a very small offering and if you excercise them then it doesn't dilute you at all really. Plus, the money they raise will be worth any small dilution or any because RZE will use it wisely to build equity for shareholders.