Mr. Sedun was a Founding Shareholder and Director of Rodeo Capital II, which acquired Shona Energy, and assisted with the initial going-public transaction of Shona Energy by raising $32 million in September 2011. Shona subsequently merged with Canacol Energy (TSX:CNE) in a $140 million transaction in December 2012. Shona was an international oil and gas exploration and production company focused in Colombia and Peru.
Canacol Energy Ltd.
Eighth Avenue Place
4500, 525 – Eighth Avenue South West
Mr. Sedun is a former Director of Cold Bore Technology Inc. (“Cold Bore”) and the lead financier of an early stage C$5 million private equity financing. The Company has raised approximately C$13 million to date, including an C$8 million investment from the Rice Investment Group (“RIG”), which is a US$200 million multi-strategy fund led by the management team from Rice Energy, which sold to EQT Corporation for US$8.2 billion in 2017. Cold Bore gives oil and gas operators a ground-breaking real time window into their surface, and subsurface operations via a 100% non-intrusive acoustic receiving system. Using Cold Bore’s Sonic Completions Analytics, system operators are able to track, monitor, and confirm events both on the surface, and downhole in real time for the first time ever. Cold Bore is a private company based in Calgary, Canada.
Mr. Sedun is a current Director of Northstar Clean Technologies Inc. (TSXV:ROOF), a Vancouver-based clean technology company focused on the recovery and repurposing of single-use asphalt shingles. Mr. Sedun was a significant early stage investor in numerous early stage equity financings that raised approximately $5 million into Northstar’s wholly-owned subsidiary Empower Environmental Solutions Ltd. (“Empower”). Northstar has developed a proprietary design process at its Empower Facility in Delta, British Columbia for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate sands and fiber. These three repurposed products can be used in a variety of applications, including road asphalt, asphalt shingles construction products and other industrial applications. Northstar recently completed C$12.24 million equity financing and a subsequent listing onto the TSX Venture Exchange. Northstar is a based in Vancouver, Canada.
Mr. Sedun is a founding shareholder and former Director of Current Energy & Renewables Corp. (“Current”), formerly Current Power & Gas, a supplier of renewable and traditional energy to commercial and industrial clients in the growing deregulated energy business in the United States. The Company has raised approximately $4 million in private equity funding to date.