Maxim Power Corp. Announces the Voting Results of Special Meeting of Shareholders and Closing of Convertible Loan
CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) is pleased to announce that at a special meeting of shareholders held today, it received the approval of disinterested shareholders for its previously announced $75 million, one-year, 12% per annum, revolving, secured convertible loan (the “Convertible Loan”) between the Corporation and certain of its subsidiaries, as borrowers, and Alpine Capital Corp. (“Alpine”) and Prairie Merchant Corporation (“Prairie Merchant” and together with Alpine the “Lenders”) as lenders.