Corex Resources Ltd. (“Corex”) is a Canadian private resource company based in Calgary, Alberta, Canada.
Incorporated in April 2007 under the name Amarone Oil & Gas Ltd., followed by a name change in March 2012 to Corex Resources Ltd.
Corex Resources is a private Calgary based junior oil and natural gas company focused on building shareholder value through development drilling opportunities and pursuit of quality, complementary farm-in opportunities, accretive acquisitions, and internally generated exploration opportunities.
Corex is primarily focused on cost effective, high netback, large light oil in place opportunities in Manitoba, Canada.
Corex Resources Ltd. ("Corex" or the "Company") is pleased to announce that it will pay a special distribution to shareholders by way of return of capital, in the amount of approximately $0.84 per Corex common share (the "Common Shares"), for a total distribution amount of $40 million, which distribution will be payable on June 20, 2025, to holders of Common Shares of record as of June 13, 2025.
At the Corex Annual and Special Meeting held on June 3, 2025, Corex shareholders approved the reduction of the stated capital of the Common Shares for the purpose of Corex making distributions to shareholders of Common Shares by way of return of capital prior to June 3, 2026.
Distribution Information
In conjunction with the distribution Monday, December 16, 2024, please note the process due to the postal strike.
Cheques for holders will be printed in Odyssey's Toronto office and lodged with Canada Post once Canada Post starts accepting mail again.
If you would like to go to the Odyssey offices in Calgary to pick up your cheque, please contact Bart Wingerak (bwingerak@odysseytrust.com).
The original cheque would be cancelled and a new cheque would be printed in Calgary and held for pickup.
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