Rife Resources Ltd.

Rife Resources Ltd. is a private exploration and production company, wholly-owned by the CN Pension Trust Funds, the pension fund for employees of the Canadian National Railway Company. Rifes strategy is to acquire producing assets that have good potential for future development.  Rife is named after a small rural community in north east Alberta.

History

• In 1979, a subsidiary of the CN Pension Trust Funds, Canpar Holdings Ltd., and Dome Petroleum jointly acquired all of the shares of Siebens Oil & Gas. The acquisition included a large number of mineral title interests that can be traced back to the original lands granted to the predecessor of Hudsons Bay Company by Charles II, King of England, in 1670

• In 1982, the CN Pension Trust Funds established an exploration and production company, Rife Resources Ltd., to broaden the scope of its oil and gas investment program. The employees of Rife were also entrusted to manage the assets of Canpar.

• In 1996, the CN Pension Trust Funds created Freehold Royalty Trust, a publicly-traded energy trust, and then sold all of Canpas producing royalty assets to Freehold, along with some of Rifes and Canpars working interest properties. Freehold converted to a corporation in December 2010 (now Freehold Royalties Ltd.). Freeholds assets are managed by the employees of Rife.

CORPORATE RESPONSIBILITY

With almost 35 years of operating experience, Rife has a long history of leadership and corporate responsibility. We strive to operate in a Responsible, Innovative, Focused and Effective manner that ensures our employees, stakeholders and the environment are participating in a safe and sustainable business environment. 

Whistleblower Policy

Rife is committed to the highest possible standards of openness, honesty and accountability. In line with that commitment, we expect employees and others that we deal with who have serious concerns about any aspect of Rifes work to come forward and voice those concerns.  The policys intention is to clearly state that if an issue is brought to our attention, any wrong-doing by Rife or any of its directors, officers or employees or by any of its consultants or suppliers will be dealt with expeditiously, thoroughly investigated and remedied

Code of Business Conduct and Conflict of Interest Policy

The business and affairs of Rife will be conducted in strict observance of both the spirit and letter of the applicable laws of Canada and of each Province where Rife conducts business. Rife expects that all employees will behave ethically as a matter of course.