Investors

/Investors
Investors 2017-08-25T11:21:53+00:00

INVESTOR INFORMATION

Governance & Regulatory

MATRRIX is led by our management team and governed by its board of directors. We believe in adhering to the highest standards of ethical decision-making and adopting policies that strengthen our focus on corporate governance. By implementing key values in all levels of the Company, we strive to gain shareholder trust and thereby increase shareholder value.

The Governance Committee mandate among other duties and responsibilities: monitoring the effectiveness of the system of governance within the company; assessing the effectiveness of the Board of Directors, committees of the Board, and the contributions of individual members; and identifying, recommending, orienting and educating new directors. The Governance Committee is comprised of independent directors.

Code of Business Conduct and Ethics
Whistleblower and Complaints Policy

MXX Financial Statements, Management’s Discussion & Analysis, and Governance documents are filed with the Canadian Securities Administrators (CSA) and are available on SEDAR at www.sedar.com.

BOARD OF DIRECTORS

The MATRRIX Board of Directors is composed of five members. Their mandate includes: the approval and monitoring of the strategic business and financial plans of the company; the supervision of performance and succession planning of senior officers; the assessment of principal risk factors relating to the business; and to monitor and oversee the integrity of financial reporting and disclosure.

Richard T. Ryan, President, Chief Executive Officer and Director

Mr. Ryan brings over 32 years of direct experience in the directional and horizontal drilling industry, with businesses in Canada, USA, Venezuela and the Middle East. Mr. Ryan has been the President and Chief Executive Officer of MATRRIX since incorporation in January 2011. He was the founder of Ryan Energy Technologies Inc. (formerly TSX), a company focused on the provision of horizontal and directional drilling technology and services, and was its President, Chairman and Chief Executive Officer from March 1994 until its sale to Nabors Industries Ltd. in October 2002. Mr. Ryan maintained his role of divisional President and Chief Executive Officer of Ryan until October 2010.

Terrance J. Owen, Director

Mr. Owen has been the Chairman, President and Chief Executive Officer of Hammerstone Corporation since February 2009. From June 1994 to January 2008, Mr. Owen held various executive positions with the Trimac group of companies, including serving as President and Chief Executive Officer of Trimac Transportation Services L.P. from February 2005 to January 2008. Mr. Owen was a partner with the law firm Macleod Dixon LLP (now Norton Rose Fulbright Canada LLP), practicing in the corporate/securities law area from July 1985 to May 1994. Past public company directorships of Mr. Owen include: Trimac Transportation Services, Boom Capital Corporation, Ranchero Resources Ltd.  and lntermap Technologies Corporation. Mr. Owen also acted as counsel to Macleod Dixon LLP and was a member of the Strategic Advisory Committee of that firm prior to its merger with Norton Rose in 2011. Mr. Owen was also Corporate Secretary and legal counsel for Ryan Energy Technologies Inc. (formerly TSX) in its formative years.

Thane Russell, Chairman

Mr. Russell has almost 30 years of engineering experience in the petroleum industry, primarily in production operations, drilling and completions, and well optimization. Mr. Russell has a particular interest in the innovation and commercialization of completion tools. Mr. Russell was one of the founders of Stellarton Energy Limited, which was sold to Tom Brown Resources of Denver in 2000 with its wholly owned subsidiary, Secure Oil Tools, being sold to Schlumberger in 1999. In 2000, Mr. Russell founded Absolute Energy Limited and is currently the Chairman and Vice President Absolute Completion Technologies Ltd., which was founded in 2002. Mr. Russell also has field experience with a number of companies including Texaco, Imperial Oil and Canadian Hunter. Mr. Russell received a Bachelor of Engineering degree from the Thayer School of Engineering at Dartmouth College and has his designation as a Professional Engineer.

Rodger Hawkins, Director

Mr. Hawkins has over 40 years’ experience as a Chartered Professional Accountant in audit and accounting with a focus on junior public companies in the resource, technology and resource service sectors. Mr. Hawkins is currently an independent business advisor currently serving on the board of Strategic Oil & Gas Ltd. (TSXV). Prior to his retirement in early 2007, he was a partner of the Calgary office of BDO Canada LLP.  Mr. Hawkins served on the board of CanElson Drilling Inc. (TSX) until it was acquired on August 10, 2015. Mr. Hawkins received his CPA, CA designation in 1974.

Matthew Andrade, CFA, Director

Mr. Andrade has been the Director, Investments at Werklund Capital Corporation, a single family office based in Calgary, since November 2013. From September 2012 to November 2013 he was the Chief Investment Officer at Canadian Family Futures Inc., a Calgary-based multi-family office. Previously Mr. Andrade was Director, Investment Analysis at Kinnear Financial Ltd., a single family office based in Calgary, from June 2010 to September 2012. Prior to June 2010, Mr. Andrade was Vice President, Mergers & Acquisitions at Ernst & Young Orenda Corporate Finance. Mr. Andrade received his Chartered Financial Analyst designation in 2004. He is the past President of the CFA Society Calgary and the past Chair of the CFA Institute Disciplinary Review Committee.

Elson McDougald, Director

Mr. McDougald brings over 50 years of experience in the oil and gas services business. He is currently an independent businessman and was the Executive Chairman of CanElson Drilling Inc. (TSX) until it was acquired on August 10, 2015 by Trinidad Drilling Ltd. (TSX), after which he served as a Director until he resigned on March 1, 2016. Mr. McDougald was Chief Executive Officer of CanElson from December 2008 to December 2010 and Chairman of Savanna Energy Services Corp. (TSX) from August 2006 to May 2008. He was the founding Chairman, President and CEO of Western Lakota Energy Services Inc. (formerly TSX) from 2001 to 2006 and the founding Chairman and CEO of Tetonka Drilling Inc. (formerly TSX), 1997 to 2000. Prior thereto, he was founder, Chairman, President and CEO of Laredo Drilling Ltd., and is a past director or Chairman of Phoenix Technology Income Fund (formerly TSX), the Alberta Treasury Branch, Alberta Petroleum Equipment Company Ltd., Lakeside Farm Industries Ltd. and Vencap Equities Alberta.

UPDATES

2017Nov

MATRRIX ANNOUNCES INCREASE OF PREVIOUSLY ANNOUNCED EQUITY OFFERING TO $20 MILLION

November 13th, 2017|News|

CALGARY, ALBERTA – Further to its press release dated October 31, 2017, MATRRIX Energy Technologies Inc. (“MATRRIX” or the “Corporation”) (TSXV: MXX) is pleased to announce the Corporation is increasing its previously announced private placement of common shares (the “Private Placement”) from gross proceeds of approximately $7 million to gross proceeds of approximately $20 million.

Download the full release here.

2017Oct

MATRRIX TO ACQUIRE STAMPEDE DRILLING LTD.

October 31st, 2017|News|

CALGARY, ALBERTA – MATRRIX Energy Technologies Inc. (“MATRRIX” or the “Corporation”) (TSXV: MXX) is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding shares of Stampede Drilling Ltd. (“Stampede”), a private corporation which owns 3 heavy telescopic double drilling rigs in the Weyburn/Estevan area of southeast Saskatchewan (the “Acquisition”).

Download the […]

2017Oct

MATRRIX COMPLETES ACQUISITION OF ASSETS FROM VORTEX DRILLING LTD.

October 30th, 2017|News|

CALGARY, ALBERTA – MATRRIX Energy Technologies Inc. (“MATRRIX” or the “Corporation”) (TSXV: MXX) is pleased to announce that it has successfully completed its previously announced acquisition (the “Acquisition”) of assets from Vortex Drilling Ltd. (“Vortex”) through Vortex’s court appointed receiver, Deloitte Restructuring Inc. (the “Receiver”).

Download the full release here.

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