Headwater Exploration Inc.

11:07 AM EST - Headwater Exploration Inc. : Has approved a 2021 capital budget of $85 - $90 million designed to provide December 2020 to fourth quarter average 2021 production growth of approximately 125%. The approved budget is expected to leave Headwater with a working capital surplus of approximately $45 million at the end of 2021. Headwater Exploration Inc. shares T.HWX are trading up $0.04 at $2.40.