Brief: DXI Energy To Exit The Hydrocarbon Energy Business

VVT Med

07/04/2020 22:53

April 7 (Reuters) - DXI Energy Inc  DXI.TO :
    * DXI ENERGY TO EXIT THE HYDROCARBON ENERGY BUSINESS
    * DXI ENERGY INC - BOARD HAS DECIDED CO NEEDS TO EXIT ENERGY
SPACE
IMMEDIATELY, GIVEN CURRENT AFFAIRS BEYOND COMPANY'S CONTROL
    * DXI ENERGY INC - WOODRUSH MULTI WELL PRODUCTION FACILITY
HAS
BEEN FORMALLY SHUT IN
    * DXI ENERGY INC - KOKOPELLI MULTI-WELL GAS PRODUCTION
PROPERTY IN
COLORADO IS ALSO TO BE SOLD.
    * DXI ENERGY INC - CONTRACTS WITH ALL SENIOR PERSONNEL
INCLUDING
CHAIRMAN AND CEO SIMON RAVEN AND CFO DAVID MATHESON HAVE BEEN
TERMINATED.
    * DXI ENERGY INC - WILL PREPARE TO APPLY FOR LISTING ON A
JUNIOR
EXCHANGE, YET TO BE DETERMINED

Source text: (https://www.sec.gov/Archives/edgar/data/1323838/000106299320001677/exhibit99-1.htm)
Further company coverage:  DXI.TO 

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