Business
ROK Resources Files Financial Results for the Third Quarter of 2025 and Provides Update on Going Private Transaction
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, ...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"ROK Resources Files Financial Results for the Third Quarter of 2025 and Provides Update on Going Private TransactionNOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / November 13, 2025 / ROK Resources Inc. (\"ROK\" or the \"Company\") (TSXV:ROK)(OTCQB:ROKRF) has filed its interim Financial Results and Management Discussion & Analysis for the nine months ended September 30, 2025, and provides an update on the Going Private Transaction (the \"Transaction\") announced within the Company press release dated September 23, 2025.Going Private Transaction UpdateThe Transaction continues to progress and is anticipated to close prior to December 31, 2025. As part of the upcoming annual general and special meeting of shareholders (the \"Meeting\") to be held on Wednesday, December 10, 2025, shareholders will consider and, if deemed advisable, pass a special resolution to approve the plan of arrangement to close the Transaction, as more particularly described within the management information circular (the \"Circular\"). As announced in the Company press release dated November 6, 2025, the Circular and the proxy-related materials for the Meeting have been successfully mailed to shareholders, and are also posted under ROK's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website at https://rokresources.ca/investor-resources/info-circular-events/.Q3 2025 Financial and Operating HighlightsThe Company remained on budget for Q3 2025 with Funds from Operations of $4.1 million, a portion of which was allocated to the Normal Course Issuer Bid (\"NCIB\") through the end of September 2025. Drilling operations resumed in the third quarter with the drilling of 2 re-entries and 1 new well, totaling $3.6 million in capital expenditures.Production in line with forecast: Quarterly production averaged 3,414 boepd1 (66% liquids).Working Capital Surplus: Adjusted Net Surplus of $2.7 million as compared to $10.6 million of Adjusted Net Debt at year-end 2024.Executed NCIB: Year to date, and prior to entering the Arrangement Agreement, as detailed in the press release dated September 23, 2025, the Company repurchased and cancelled a total of 2,005,500 common shares at an average price of $0.192 per share, leaving 217,763,815 common shares issued and outstanding.NotesProduction average ...