Paramount Resources and MGM Energy announced today that Paramount has completed the acquisition of all of the outstanding common shares of MGM Energy not owned by it pursuant to an arrangement under the Business Corporations Act (Alberta). Paramount issued 1,127,790 Class A Common Shares in connection with the transaction. The common shares of MGM [...]
MGM Energy announced today that, further to its April 14, 2014 press release, it has received the requisite shareholder approvals for the previously announced arrangement pursuant to which Paramount Resources will acquire all of the MGM Energy shares not already owned by it. The Arrangement was approved at a special meeting of shareholders of MGM [...]
MGM Energy announced today its financial results for the three months ended March 31, 2014. The Company reported a net loss for the three months ended March 31, 2014 of $1.5 million as compared to a net loss of $0.6 million for the three months ended March 31, 2013. MGM Energy's full unaudited financial statements and accompanying Management's [...]
MGM Energy announced today that, further to its March 11, 2014 press release, it has entered into a formal arrangement agreement with Paramount Resources whereby Paramount would acquire all of the common shares of MGM Energy not currently owned by Paramount. Pursuant to the Arrangement Agreement, Paramount would acquire the Common Shares not owned [...]
MGM Energy announced today its financial results for the year ended December 31, 2013. The Company reported a net loss for the year ended December 31, 2013 of $8.3 million as compared to a net loss of $8.1 million for the year ended December 31, 2012. MGM Energy's full audited financial statements and accompanying Management's Discussion and [...]
MGM Energy today announced that the Company has received a proposal from Paramount Resources to purchase all of the common shares of the Company not currently owned by Paramount. Under the Proposal, all shareholders of MGM Energy would receive one Class A Common Share of Paramount for every 300 common shares of MGM Energy. Based on the current [...]
MGM Energy announces that it has completed its formal search for a partner for its Canol shale oil lands. To date, the Company has not been successful in obtaining a partner to assist in the funding of further assessment of the Canol shale oil play and, as a result, the Company will not be drilling any additional wells in the Canol shale oil play [...]
MGM Energy announced today its financial results for the three month and nine month periods ended September 30, 2013. The Company reported a net loss for the three month period ended September 30, 2013 of $3.0 million ($0.01 per share) as compared to a net loss of $2.1 million ($0.01 per share) for the three month period ended September 30, 2012 [...]
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