FEC Resources Inc. News Releases

FEC Resources Settles PXP Loan by Issuing Shares

Thu, 31 Jul 2025 12:36:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") is pleased to report that PXP Energy Corporation ("PXP") agreed to convert its outstanding loan of $1,011,155.88 plus accrued interest to July 31, 2025 of $146,604.90 into shares of FEC at $0.0088 per FEC share. 131,563,725 common shares of FEC were issued to settle a total of $1,157,760.78 in debt.On behalf of the Board of,FEC Resources Inc.Daniel CarlosDirector and...

FEC Resources Receives Cease Trade Order from BCSC

Fri, 16 May 2025 11:57:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") reports that on May 15, 2025 it received a cease trade order (CTO) from the British Columbia Securities Commission ("BCSC"). The CTO requires that the trading of the Company's securities must be ceased until the Company files its Audited Annual Financial Statements for the year ended December 31, 2024, its Management's Discussion and Analysis for the year ended December...

FEC Receives Further Extension for Loan Repayment

Tue, 01 Oct 2024 13:50:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") received a request for a repayment plan from PXP Energy Corporation ("PXP") with respect to the $738,206 principal and approximately $88,443 of accrued interest due to PXP by the Company. The loan was due on September 30, 2024.The Company is pleased to report that it requested and received an extension of the repayment due date from September 30, 2024 to December 31,...

FEC Receives Extension for Loan Repayment

Fri, 28 Jun 2024 13:47:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") received a request for a repayment plan from PXP Energy Corporation ("PXP") with respect to the $678,206 principal and approximately $72,133 of accrued interest due to PXP by the Company. The loan is due on June 30, 2024.The Company is pleased to report that it requested and received an extension of the repayment due date from June 30, 2024 to September 30, 2024 with all...

FEC Resources Brings Attention to Share Exchange Between PXP and Tidemark for Forum Shares

Mon, 27 May 2024 12:25:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2024) - FEC RESOURCES INC. (OTC PINK: FECOF) ("FEC" or the "Company") has noted the disclosure made by PXP Energy Corporation with respect to a share for share exchange with Tidemark Holdings Limited for shares of Forum Energy Limited ("Forum").Shareholders are encouraged to review the disclosure which can be found at the following link: https://www.pxpenergy.com.ph/company-disclosure/other-disclosure/may-21-2024/The Company is currently...

FEC Resources Receives Extension on Loan Repayment and Converts Loans to Forum Energy Limited to Maintain 6.8 Percent Interest

Fri, 22 Dec 2023 14:49:00 -0500

Vancouver, British Columbia--(Newsfile Corp. - December 22, 2023) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces that PXP Energy Corporation ("PXP") has extended the due date of loans to FEC to February 29, 2024, while all other terms remain the same. These loans from PXP carry interest at Libor plus 3.5%, with both interest and principal originally repayable on the earlier of: a) December 31, 2023, b) any equity issuance by FEC, c) any sale of FEL shares by FEC, or...

FEC Resources to Participate in Financing of Forum Energy Limited

Tue, 31 Oct 2023 19:36:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") announces that Forum Energy Limited ("FEL") has advised the Company of its intent to complete a $3,000,000 fund raising to repay its loan from PXP Energy Corporation ("PXP") and for general working capital purposes. FEC has agreed to participate in its pro-rata 6.8% share amounting to $204,000 through additional loans from PXP on the same terms and conditions as...