XCana Petroleum Corp (PK) (XCPT) News

None that I know of....

Any update here!

Where is this being pumped and what are the other 2 companies?

Thanks

Because it's one of three companies being pumped by the guy who sold the claims to the CEO in return for millions of shares. All three companies have similar set ups. Same CEO who can convert his debt at .005 common or .0001 preferred, same guy providing the claims, and same crew from discord chatroom parroting on twitter.
Some people say the claims are worthless.
I say check the recent filings.

So why is it trading at a quarter?

On August 31, 2022 the Company entered in to a definitive agreement with Red Beryl Mining Company Inc, and Strategic Stibium Mining LLC, Idaho Appraisers LLC and Edward Haber an individual, to acquire a 2100 acre or 102 mineral claims located in Churchill County Nevada, with the target mineral being Nickel. The consideration paid was an aggregate total of 25,000,000 common shares of the Company.

Those shares were issued at .005

Current assets consist of zero cash and the mining claims. See page 13
https://www.otcmarkets.com/otcapi/company/financial-report/376152/content

Well , look who’s a principal with an 8.74% stake in the company. See page 7
https://www.otcmarkets.com/otcapi/company/financial-report/376152/content

Note 4- Mining Claims-Acquisition
During the Three months ended June 30, 2023 the company issued 25,000,000 common shares at a deemed price of $0.005 to complete the acquisition of 102 mineral claims located in Churchill County Nevada. There were additional costs associated with this acquisition totaling $30,192 which paid for the registering and recording of the claims with the BLM (Bureau of Land Management) and Churchill County Nevada.

Note 5- Notes Payable
During, the Company entered into a convertible note in the principal amount of $87,000, with a related party. The note carries an annual interest rate of 8% with a maturity date one year after the effective date of the note. The debt is due on the maturity date and can be paid in either cash or with the Company’s common stock at a fixed price of $0.005 The Note also, provides for a default interest rate of 15% if the note is unpaid past the maturity date. No payments have been made to the note holder as of June 30, 2023.

During the year ended December 31, 2020, the Company entered into a convertible note in the principal amount of $14,881, with a related party. The note carries an annual interest rate of 8% with a maturity date one year after the effective date of the note. The debt is due on the maturity date and can be paid in either cash or with the Company’s common stock at a fixed price of $0.005. The Note also, provides for a default interest rate of 15% if the note is unpaid past the maturity date. No payments have been made to the note holder as of June 30, 2023

During the year ended December 31, 2022 , the Company entered into a convertible note in the principal amount of $9,621, with a related party. The note carries an annual interest rate of 8% with a maturity date one year after the effective date of the note. The debt is due on the maturity date and can be paid in either cash or with the Company’s common stock at a fixed price of $0.005. The Note also, provides for a default interest rate of 15% if the note is unpaid past the maturity date. No payments have been made to the note holder as of June 30, 2023.

During the three months ended June 30, 2023 , the Company entered into a convertible note in the principal amount of $3,356, with a related party. The note carries an annual interest rate of 8% with a maturity date one year after the effective date of the note.
The debt is due on the maturity date and can be paid in either cash or with the Company’s common stock at a fixed price of $0.005. The Note also, provides for a default interest rate of 15% if the note is unpaid past the maturity date. No payments have been made to the note holder as of June 30, 2023

Note 6- Related Party Transactions
See Note 5, Notes Payable.

During the three months ended June 30, 2023 a related party paid the costs of registering and recording the Company’s mining claims. This amounted to an aggregate total of $30,192 and has been recorded as a shareholder’s contribution.

Hahaha, this is too funny.

XCana Petroleum Corp. Announces Continued Expansion onto the Table Mountain Critical Mineral Project to Encompass the Past Producing Boyer Copper Deposit
Press Release | 05/17/2023
CHICAGO, IL / ACCESSWIRE / May 17, 2023 / XCana Petroleum Corp. (OTC PINK:XCPT) is pleased to announce the successful completion of an 80-acre expansion to gain full ownership rights of the historically copper-producing Boyer Copper Deposit. The Boyer Copper Deposit is directly adjacent and west of our Nevada Nickel #73 lode claim and is just the starting point of our rapid consolidation of this mining district.

As described in WILLDEN, R., AND SPEED, R.C., 1974 GEOLOGY AND ORE DEPOSITS OF CHURCHILL CO., NEV., NEV: NBMG BULL. 83. "The Boyer Copper Deposit includes several prospects near the head of the Bell Mare Canyon south of Cottonwood Canyon. The deposits were located in the early 1860's, several large wagon-trains of rich copper sulfide ore were shipped to Sacramento in 1861 and then to smelters in Swansea, Wales (Vanderburg, 1940, p. 47). There was intermittent activity on the deposits as late as 1911 (Carpenter, 1911), but recent work has been confined to sporadic assessment work by various claim holders. The copper occurs as concentrations of chalcopyrite and other copper sulfides in fine fractures and amygdule fillings in the Jurassic mafic volcanic rocks. Workings on the properties totaled about 1,500 feet, mostly inaccessible at the time of Vanderburg's (1940, p. 47) visit."

On the expansion, Xcana Corp. Chairman Mac J. Shahsavar, P. Eng., commented, "We wanted to make a statement to the market that the same attention and devotion given to our lithium and antimony projects will be expended here. There is no better way to start than with the consolidation of our target district. The Table Mountain District of Nevada shows incredible preliminary potential in not only nickel but cobalt and copper as well, essential components in many of today's rapidly growing clean energy technologies, from wind turbines and electricity networks to electric vehicles and solar panels. We have therefore deemed this project the Table Mountain Critical Mineral Project, targeting an array of critical minerals vital to the United States supply chain."

Okay

Lol just realized no one has commented on the board since my last post In September and XCPT has been a beauty since.
No secret code haha

What does that mean?

Sick call

Feels like ask thinning out XCPT

Closing up again. In the past year this traded between .03 and 1.00.

Up a penny or more a day. Float so tight, good chance it starts gapping up. I think someone is trying to accumulate as quietly as possible to avoid that.

Green is good.

another green day...

Whoever it was is certainly kidding themselves in the head right about now....

Share Structure 09/06/2022
Market Cap Market Cap 8,924,267
Authorized Shares 200,000,000
Outstanding Shares 89,332,000
Restricted 46,500,793
Unrestricted 42,831,207
Held at DTC 12,150,978
Float 12,150,880

Looking better each day. As usual won't know what the catalyst is until its too late.

Looking really good here XCPT

Gotta love these pink zombie tickers. slowly creeping up. Someone paid good money to keep this pink.

No doubt. I think the float is pretty small

Filled some .0037, someone is mental

fantastic

OS reduction

Number floating at the end of 2019 was 12MM.

Sounds about right.

https://www.otcmarkets.com/otcapi/company/financial-report/306446/content

XCPT: Pink Current on 10/22/2021

G2P on 06/26/2020

https://www.otcmarkets.com/stock/XCPT/security

This stock is so weird. Hardly trades. You would think the SS tiny.

Looks like the float is 42MM.

https://www.otcmarkets.com/stock/XCPT/security

CORRECTION - XCPT: Pink No Info to Pink Limited

Market Change 09/15/2021 XCPT Market change from Pink No Information to Pink Limited
Market Change 06/26/2020 XCPT Market change from Grey Market to Pink No Information

https://www.otcmarkets.com/stock/XCPT/security

My bad. Trying to do too many things at once.

Gargantuan - the guy who bought it will soon be very wealthy.

I don't know but I sure wish I would have been the one to catch them!

Not that I have in any orders - I don't.

But that is a whole lot of shares for XCPT

An “expert” shaking the tree

What moron would sell 486,290 shares at .0002?

That's less than a hundred dollars.

This stock will never go up now!!!!!!!!

XCPT: Pink to Expert

Corporate Actions: Market Changes

ACTION TYPE EFFECTIVE DATE SYMBOL DESCRIPTION

Market Change 09/15/2021 XCPT Market change from Pink No Information to Pink Limited
Market Change 06/26/2020 XCPT Market change from Grey Market to Pink No Information

https://www.otcmarkets.com/stock/XCPT/security

Please let us know if they ever make it back!

Grey (or Expert) to Pink

Hey Cao. I have a few.

A buck would be sweet!!!!!!!!!!

Attorney letter dropped yesterday.

Movin on up. This was trading a buck awhile back, expecting it to return.

Excellent!!!!!!!

Thanks

Added .02

12.1m float or so per their filings. Will have to keep an eye out.

XCPT...0084...Filings hit covering...2018/2020... https://www.otcmarkets.com/stock/XCPT/disclosure

Authorized Shares
200,000,000
09/10/2021
Outstanding Shares
89,332,000
09/10/2021
Restricted
46,500,895
09/10/2021
Unrestricted
42,831,105
09/10/2021
Held at DTC
12,150,880
09/10/2021

Hopefully something comes from it!!!!

I’ve been accumulating

Appreciate it - I am going to research it and I will let you know what I find out.

No current link other than sec.gov . That news is a year old now.
I found this...not sure if its the same rules but sounds like it https://www.thompsonhine.com/publications/sec-rules-seek-to-force-otc-companies-to-provide-greater-disclosure

Do you have a link to the ruling or an article.

GREATLY APPRECIATE IT!!!