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Maxim Power Corp (MXG.TO)

MXG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Maxim Power Q1 FFO loss per share basic and diluted $0.01
Thursday, 11 May 2017 05:38pm EDT 

May 11 (Reuters) - Maxim Power Corp ::Maxim Power Corp announces 2017 first quarter financial and operating results.Maxim power-on may 1 maxim provided notice to Alberta electric system operator to temporarily suspend generation of electricity at m1 effective July 28, 2017.Qtrly revenue $16.2 million versus $15.1 million.Maxim Power Corp - decision to temporarily suspend operations at m1 was due to continued record low Alberta power prices.Maxim Power - laying up M1 operations will result in 75% reduction of plant staff through a combination of layoffs & severances for undetermined period.Qtrly FFO loss per share basic and diluted $0.01.  Full Article

Maxim Power Corp enters agreement to sell maxim power (USA) to hull street energy
Friday, 23 Dec 2016 07:28pm EST 

Maxim Power Corp : Enters agreement to sell Maxim Power (USA), Inc. to hull street energy . Says net proceeds to maxim after accounting for debt and transaction costs are anticipated to be $84 million . Deal for an implied enterprise value of $106 million inclusive of anticipated working capital .Credit suisse is acting as financial advisor to maxim for purposes of transaction.  Full Article

Maxim Power Corp. Enters into settlement agreement with Federal Energy Regulatory Commission
Monday, 26 Sep 2016 01:18pm EDT 

Maxim Power Corp : Maxim Power Corp. Enters into settlement agreement with the Federal Energy Regulatory Commission . Maxim Power Corp- Agreement resolves three investigations conducted by FERC office of enforcement . Maxim Power Corp- Got approving of settlement agreement that resolves , closes matters alleged in staff notice of alleged violations issued in November 2014 .Maxim Power Corp- Says agreed to make settlement payments of U.S. $4.0 million for a civil penalty and U.S. $4 million in disgorgement.  Full Article

Maxim power announces 2016 second quarter financial and operating results
Wednesday, 10 Aug 2016 09:17pm EDT 

Maxim Power Corp : Maxim power corp. Announces 2016 second quarter financial and operating results . Qtrly revenue $11.6 million versus $23.03 million . Q2 negative ffo per share $ 0.07 Further company coverage: [MXG.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Maxim power announces 2016 second quarter financial and operating results
Wednesday, 10 Aug 2016 06:36pm EDT 

Maxim Power Corp : Maxim power corp. Announces 2016 second quarter financial and operating results . Qtrly revenue $11.6 million versus $23.03 million . Q2 negative ffo per share $ 0.07 Further company coverage: [MXG.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Maxim Power announces interim chief executive officer
Thursday, 2 Jun 2016 07:53am EDT 

Maxim Power Corp : Maxim Power Corp announces interim chief executive officer . M. Bruce Chernoff, chairman of board of corporation, will be acting as interim chief executive officer .John Bobenic is no longer serving as chief executive officer of corporation.  Full Article

Maxim Power Q1 FFO per share $0.10
Thursday, 12 May 2016 08:12pm EDT 

Maxim Power Corp : Q1 ffo per share $0.10 . Qtrly revenue $38.2 million versus $47.5 million .Maxim power corp. Announces 2016 first quarter financial and operating results.  Full Article

Maxim Power Q1 FFO per share $0.10
Thursday, 12 May 2016 07:21pm EDT 

Maxim Power Corp : Q1 ffo per share $0.10 . Qtrly revenue $38.2 million versus $47.5 million .Maxim power corp. Announces 2016 first quarter financial and operating results.  Full Article

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BRIEF-Maxim Power Q1 FFO loss per share basic and diluted $0.01

* Maxim Power Corp announces 2017 first quarter financial and operating results