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Maxim Power Corp. Receives Notice from Valory Resources Inc. to Exercise the Option to Purchase Summit Coal
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announces that, pursuant to the Option to Purchase Agreement entered into in February 2022, and subsequently amended and restated in March 2023, it has received notice (the “Notice”) from Valory Resources Inc. (“Valory”) that Valory is exercising its right to purchase the Corporation’s wholly-owned subsidiaries Summit Coal Limited Partnership and Summit Coal Inc. (collectively “Summit”).
Maxim Power Corp. Declares a Special Dividend of $0.50 per Share and Announces 2024 Third Quarter Financial and Operating Results, Amendment of the Senior Credit Facility, and Conversion and Termination of the Convertible Loan Facility
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the declaration of a $0.50 per share special dividend, the release of financial and operating results for the third quarter ended September 30, 2024, an amendment of the Senior Credit Facility, and conversion and termination of the Convertible Loan Facility.
Maxim Power Corp. Announces Voluntary Repayment of Senior Credit Facility
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the voluntary repayment of amounts owing within the Senior Credit Facility.