Alberta’s Razor Energy Corp. (ticker: RZE) said it has been approved for graduation to Tier 1 Issuer status from Tier 2 Issuer status by the TSX Venture Exchange.

With the graduation to a Tier 1 listing, the common shares of Razor previously deposited into escrow pursuant to the rules of the TSXV will now be governed by the release provisions of Tier 1 Issuer escrow, the company said in a statement.

As such, an aggregate of 1,330,953 Common Shares will be immediately releasable from escrow and the aggregate of 6,775,865 Common Shares that will remain in escrow will be released as follows: 2,258,557 Common Shares will be releasable from escrow on August 10, 2017; 2,258,612 Common Shares will be releasable from escrow on February 10, 2018; and the remaining 2,258,696 Common Shares will be releasable from escrow on August 10, 2018.

Greater Swan Hills

Razor acquired a legacy light oil asset called Greater Swan Hills in January 2017. Razor said the asset is characterized by abundant lower risk operations, such as well reactivations and re-entries.  The asset features medium depth light oil, operatorship in the majority of the area’s production with an average 90% working interest, and a stable base decline of 10% or less per annum.  Razor said there is year-round access and the property is pipeline-connected to wholly-owned infrastructure with direct access to sales.

Razor Energy Moving Up to Tier 1 on TSX Venture

Razor Energy’s Greater Swan Hills asset

Razor presenting at EnerCom’s The Oil & Gas Conference

Razor Energy will be a presenting company at the upcoming EnerCom conference in Denver, Colorado—The Oil & Gas Conference® 22.

The conference is EnerCom’s 22nd Denver-based oil and gas focused investor conference, bringing together publicly traded E&Ps and oilfield service and technology companies with institutional investors.  The conference will be at the Denver Downtown Westin Hotel, August 13-17, 2017. To register for The Oil & Gas Conference® 22 please visit the conference website.



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