Canamax Energy Ltd.

Canamax Energy is pleased to announce that it has entered into a definitive arrangement agreement, pursuant to which a group consisting of Edge Natural, the senior management of the Corporation and certain other shareholders will acquire all of the issued and outstanding common shares of Canamax at a price of $0.67 per Canamax Share. The [...]

During Q3 2015, Canamax completed two significant acquisitions and a financing which resulted in the Company materially increasing its production base and substantially eliminating its debt. Canamax's production averaged 1,244 boe/d during Q3 2015 and the Company exited September 30, 2015 with net debt of only $1.3 million with an undrawn operating [...]

Canamax Energy is pleased to announce the results from its recent drilling program at its Greater Grimshaw area. This area encompasses properties at Flood Lake, Grimshaw and Grande Prairie. In its Flood Lake property, the Company successfully drilled and completed one horizontal and six vertical wells and re-entered and completed a previously [...]

Canamax Energy announced that the Board of Directors of the Company has approved a resolution to grant an aggregate of 4,197,500 stock options to acquire common shares of the Company pursuant to the Company's Stock Option Plan, of which 2,762,500 were granted to officers and directors of the Company, and the remaining options granted to employees [...]

During Q2 2015 and through July 2015, Canamax completed a number of material transactions which resulted in the Company significantly increasing its production base and achieving a debt free financial position at July 30, 2015. These transactions are summarized as follows:

Canamax Energy is pleased to announce that the Company's board of directors has approved additional capital expenditures of $2.8 million for calendar 2015 (all of which are scheduled to be completed by the end of the third quarter). This amount is in addition to the Company's previously approved 2015 capital expenditure budget of $4.0 million. The [...]

Canamax Energy and Powder Mountain Energy are pleased to announce the completion of the acquisition by Canamax of all of the issued and outstanding common shares of Powder by way of a previously announced plan of arrangement under the Business Corporations Act (Alberta). With the completion of both the Arrangement and the previously announced [...]

Canamax Energy announced that the Board of Directors of the Company has approved a resolution to grant an aggregate of 3,097,500 stock options to acquire common shares of the Company pursuant to the Company's Stock Option Plan (the "Plan"), of which 1,862,500 were granted to officers and directors of the Company, and the remaining options granted [...]

Canamax Energy is pleased to announce that it has obtained receipt from the Alberta Securities Commission, as principal regulator for the (final) short form prospectus filed in the provinces of Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia qualifying the distribution of 21,724,268 common shares in the capital of the Company (the [...]

Canamax Energy is pleased to announce that today the Company has closed the previously announced acquisition of certain assets in Alberta from an intermediate oil and gas company. The acquired assets consist primarily of two producing propertieslocated in northwest Alberta within the Company's Greater Grimshaw area.