Maxim Power Corp. Provides Investor Update
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) today provided an update of its operating, development and corporate activities.
News Releases
Maxim Power Corp. Announces TSX Acceptance of Normal Course Issuer Bid
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) to proceed with a normal course issuer bid (“NCIB”).
Maxim Power Corp. Announces 2018 First Quarter Financial and Operating Results
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) announced today the release of financial and operating results for the first quarter ended March 31, 2018.
Maxim Power Corp. Announces 2017 Fourth Quarter Financial and Operating Results
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) announced today the release of financial and operating results for the fourth quarter and year ended December 31, 2017.
Maxim Power Corp. Announces 2017 Third Quarter Financial and Operating Results
CALGARY, ALBERTA – Maxim Power Corp. (TSX:MXG) (“MAXIM” or the “Corporation”) announced today the release of financial and operating results for the third quarter ended September 30, 2017.
Maxim Power Corp. Announces 2017 Second Quarter Financial and Operating Results
Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) announced today the release of financial and operating results for the second quarter ended June 30, 2017.
Maxim Power Corp. Board of Director Election Results
Maxim Power Corp. today announced the final director election results from its 2017 annual general meeting of shareholders held on June 15, 2017.
Maxim Power Corp. Announces 2017 First Quarter Financial and Operating Results
Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2017.
Maxim Power Corp. Closes Sale of Maxim Power (USA), Inc. to Hull Street Energy
Maxim Power Corp. (“MAXIM”) (TSX:MXG) announced today that it has closed the sale of 100% of its ownership interest in its wholly-owned subsidiary Maxim Power (USA), Inc. (“MUSA”) to an affiliate of Hull Street Energy, LLC. The agreement to sell MUSA was previously announced on December 23, 2016. The implied enterprise value is approximately $106 million USD inclusive of working capital. Net proceeds to MAXIM after accounting for debt and transaction costs are approximately $84 million USD.
Maxim Power Corp. Announces 2016 Financial and Operating Results
During the fourth quarter of 2016, revenue decreased primarily as a result of the sale of COMAX closing on December 2, 2016. Adjusted EBITDA decreased primarily as a result of a prior year sale of SO2 environmental credits in the Canadian segment, which did not recur in 2016, and an increase in costs related to strategic alternatives in 2016 in addition to the lower revenues.