MXG.TO - Maxim Power Corp.

Toronto - Toronto Delayed Price. Currency in CAD
2.1300
+0.0200 (+0.95%)
At close: 4:00PM EST
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Previous Close2.1100
Open2.1000
Bid2.1000 x 0
Ask2.1300 x 0
Day's Range2.0700 - 2.1300
52 Week Range1.4400 - 2.3100
Volume1,536
Avg. Volume21,459
Market Cap111.586M
Beta (5Y Monthly)0.16
PE Ratio (TTM)22.42
EPS (TTM)0.0950
Earnings DateMar 15, 2020 - Mar 19, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.00
  • GlobeNewswire

    Maxim Power Corp. Enters into a Credit Agreement with ATB Financial and Provides Update on M2 Project

    Maxim Power Corp. ("MAXIM" or the "Corporation") (MXG.TO) announced today that it, and certain of its subsidiaries, entered into a credit agreement with ATB Financial ("ATB") for a thirty-five month term that provides for senior debt financing of up to $44 million to support financing requirements of MAXIM's 204 MW power plant located near Grande Cache, Alberta ("M2") plus a cash collateralized letter of credit facility of $8 million to replace MAXIM's current outstanding letters of credit for equal amounts.

  • How Much Of Maxim Power Corp. (TSE:MXG) Do Insiders Own?
    Simply Wall St.

    How Much Of Maxim Power Corp. (TSE:MXG) Do Insiders Own?

    The big shareholder groups in Maxim Power Corp. (TSE:MXG) have power over the company. Institutions will often hold...

  • GlobeNewswire

    Maxim Power Corp. Announces 2019 Third Quarter Financial and Operating Results

    Maxim Power Corp. ("MAXIM" or the "Corporation") announced today the release of financial and operating results for the third quarter ended September 30, 2019. The unaudited condensed consolidated interim financial statements, accompanying notes and Management Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM's website on November 7, 2019.

  • GlobeNewswire

    Maxim Power Corp. Announces the Voting Results of Special Meeting of Shareholders and Closing of Convertible Loan

    Maxim Power Corp. ("MAXIM" or the "Corporation") 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. The Convertible Loan was approved by approximately 97.67% of the common shares voted at today's meeting, after excluding the votes required to be excluded in determining shareholder approval for the Convertible Loan in accordance with the provisions of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions and the rules and policies of the Toronto Stock Exchange.

  • GlobeNewswire

    W. Brett Wilson Updates Early Warning Reporting in Respect of Maxim Power Corp.

    Pursuant to the early warning requirements of applicable Canadian securities laws, W. Brett Wilson announces that Prairie Merchant Corporation ("Prairie Merchant"), a company owned and controlled by Mr. Wilson, together with Alpine Capital Corp. ("Alpine" and together with Prairie Merchant, the "Lenders"), as lenders, entered into an amending agreement to a loan agreement (as amended, the "Amended Loan Agreement") with Maxim Power Corp. ("Maxim"), and certain other subsidiaries of Maxim, pursuant to which Maxim may borrow up to $75 million from the Lenders (the "Convertible Loan"). Pursuant to the terms of the Amended Loan Agreement, amounts drawn under the Convertible Loan, including accrued but unpaid interest that has been capitalized, to a maximum of $75 million, is convertible, in whole or in part, into common shares of Maxim ("Common Shares") at a conversion price of $2.25 per Common Share (prior to the amendment, $1.90 per Common Share) at the election of each Lender, such right exercisable at any time during the term of the Convertible Loan or within 10 business days of receipt of any repayment notice from Maxim.

  • GlobeNewswire

    M. Bruce Chernoff Updates Early Warning Reporting in Respect of Maxim Power Corp.

    Pursuant to the early warning requirements of applicable Canadian securities laws, M. Bruce Chernoff announces that Alpine Capital Corp. ("Alpine"), a company that is majority owned by Mr. Chernoff, together with Prairie Merchant Corporation ("Prairie Merchant" and together with Alpine, the "Lenders"), as lenders, entered into an amending agreement to a loan agreement (as amended, the "Amended Loan Agreement") with Maxim Power Corp. ("Maxim"), and certain other subsidiaries of Maxim, pursuant to which Maxim may borrow up to $75 million from the Lenders (the "Convertible Loan"). Pursuant to the terms of the Amended Loan Agreement, amounts drawn under the Convertible Loan, including accrued but unpaid interest that has been capitalized, to a maximum of $75 million, is convertible, in whole or in part, into common shares of Maxim ("Common Shares") at a conversion price of $2.25 per Common Share (prior to the amendment, $1.90 per Common Share) at the election of each Lender, such right exercisable at any time during the term of the Convertible Loan or within 10 business days of receipt of any repayment notice from Maxim.

  • GlobeNewswire

    Maxim Power Corp. Announces Amendments to Convertible Loan Agreement

    Maxim Power Corp. ("MAXIM" or the "Corporation") (MXG.TO) announced today that it, and certain of its subsidiaries, have entered into an agreement to amend the previously announced $75 million, one-year, 12% per annum, revolving, secured convertible loan dated September 10, 2019 between the Corporation and those subsidiaries, as borrowers, and the lenders thereto (the "Convertible Loan"). The conversion price of the Convertible Loan has been increased from $1.90 per share to $2.25 per share.  The new conversion price represents a 32% premium to the five-day volume-weighted average price ("VWAP") of MAXIM's common shares prior to amending the Convertible Loan versus the original conversion price of $1.90 per share that represented a 6% premium to the five-day VWAP on the date of the Convertible Loan of September 10, 2019.

  • GlobeNewswire

    Maxim Power Corp. Provides Investor Update

    CALGARY, Alberta, Sept. 25, 2019 -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) today provided an update of its operating, development and corporate.

  • GlobeNewswire

    W. Brett Wilson Makes Investment in Maxim Power Corp.

    Pursuant to the early warning requirements of applicable Canadian securities laws, W. Brett Wilson announces that Prairie Merchant Corporation ("Prairie Merchant"), a company owned and controlled by Mr. Wilson, together with Alpine Capital Corp. ("Alpine" and together with Prairie Merchant, the "Lenders"), as lenders, entered into a loan agreement (the "Loan Agreement") with Maxim Power Corp. ("Maxim"), and certain other subsidiaries of Maxim, pursuant to which Maxim may borrow up to $75 million from the Lenders (the "Convertible Loan"). Pursuant to the terms of the Loan Agreement, amounts drawn under the Convertible Loan, including accrued but unpaid interest that has been capitalized, to a maximum of $75 million, is convertible, in whole or in part, into common shares of Maxim ("Common Shares") at a conversion price of $1.90 per Common Share at the election of each Lender, such right exercisable at any time during the term of the Convertible Loan or within 10 business days of receipt of any repayment notice from Maxim.

  • GlobeNewswire

    M. Bruce Chernoff Makes Investment in Maxim Power Corp.

    Pursuant to the early warning requirements of applicable Canadian securities laws, M. Bruce Chernoff announces that Alpine Capital Corp. ("Alpine"), a company that is majority owned by Mr. Chernoff, together with Prairie Merchant Corporation ("Prairie Merchant" and together with Alpine, the "Lenders"), as lenders, entered into a loan agreement (the "Loan Agreement") with Maxim Power Corp. ("Maxim"), and certain other subsidiaries of Maxim, pursuant to which Maxim may borrow up to $75 million from the Lenders (the "Convertible Loan"). Pursuant to the terms of the Loan Agreement, amounts drawn under the Convertible Loan, including accrued but unpaid interest that has been capitalized, to a maximum of $75 million, is convertible, in whole or in part, into common shares of Maxim ("Common Shares") at a conversion price of $1.90 per Common Share at the election of each Lender, such right exercisable at any time during the term of the Convertible Loan or within 10 business days of receipt of any repayment notice from Maxim.

  • GlobeNewswire

    Maxim Power Corp. Enters into Loan Agreements to Finance its M2 Development Project

    Maxim Power Corp. ("MAXIM" or the "Corporation") (MXG.TO) announced today that it, and certain of its subsidiaries, entered into two credit agreements that collectively provide for $75 million to fully fund the construction and development of MAXIM's 204 MW power plant located near Grande Cache, Alberta ("M2"). The first loan is a $22 million, one-year, 12% per annum, revolving, secured loan (the "Construction Loan") and the second loan is a $75 million, one-year, 12% per annum, revolving, secured convertible loan (the "Convertible Loan" and together with the Construction Loan, the "Loans"). The Convertible Loan is subject to shareholder approval as described below and, if so approved, will be initially drawn to repay the Construction Loan, which will mature and become repayable on the date the Convertible Loan is available to, and first drawn by, MAXIM.

  • GlobeNewswire

    Maxim Power Corp. Enters into Engineering, Procurement, and Construction Agreement for the Completion of the M2 Development Project

    Maxim Power Corp. ("MAXIM" or the "Corporation") (MXG.TO) announced today that it has entered into an Engineering, Procurement and Construction (“EPC”) contract for the completion of its 204 MW natural gas-fired power plant located near Grande Cache, Alberta ("M2"). The EPC contract was entered into between Milner Power II Limited Partnership, a wholly owned subsidiary of MAXIM, and BPC Milner (the "Contractor”), a joint venture between affiliates of PCL Construction Group Inc. and Black & Veatch Corporation.

  • GlobeNewswire

    Maxim Power Corp. Announces 2019 Second Quarter Financial and Operating Results

    Maxim Power Corp. ("MAXIM" or the "Corporation") announced today the release of financial and operating results for the second quarter ended June 30, 2019. The unaudited condensed consolidated interim financial statements, accompanying notes and Management's Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM's website on August 7, 2019.

  • GlobeNewswire

    Maxim Power Corp. Announces Annual Meeting Results

    Based in Calgary, Alberta, Maxim Power Corp. ("MAXIM") is an Alberta focused independent power producer which currently owns and operates a 150 MW power plant near Grande Cache, Alberta.  This plant (“M1”) is nearing the end of its life under federal regulations and is being replaced with a state-of-the-art natural gas-fired plant (“M2”) with anticipated nameplate capacity of 204 MW in simple cycle mode. MAXIM has the option in the future to increase the capacity of M2, in conjunction with increasing the overall efficiency of the facility, by upgrading M2 into a combined cycle plant.

  • GlobeNewswire

    Maxim Power Corp. Announces TSX Acceptance of Normal Course Issuer Bid

    Maxim Power Corp. ("MAXIM" or the "Corporation") (MXG.TO) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to proceed with a normal course issuer bid ("NCIB"). Under the NCIB, the Corporation may purchase for cancellation up to 2,600,000 common shares of the Corporation (the "Shares").

  • GlobeNewswire

    Maxim Power Corp. Announces Appointment of Mr. Brad Wall to Board of Directors

    Maxim Power Corp. ("MAXIM" or the "Corporation") (MXG.TO) is pleased to announce the appointment of Mr. Brad Wall to the Board of Directors of the Corporation, effective immediately. After retiring from politics, Mr. Wall started his own consultancy business based in Swift Current, Saskatchewan.  As part of that business he serves as a special advisor to the law firm of Osler, Hoskin & Harcourt LLP. Commenting on Mr. Wall's appointment, Mr. Bruce Chernoff, the Chairman and Chief Executive Officer of the Corporation stated "We are pleased to have Brad Wall join the board of directors of the Corporation.

  • GlobeNewswire

    Maxim Power Corp. Announces 2019 First Quarter Financial and Operating Results

    Maxim Power Corp. ("MAXIM" or the "Corporation") announced today the release of financial and operating results for the first quarter ended March 31, 2019. The unaudited condensed consolidated interim financial statements, accompanying notes and Management's Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM's website on May 9, 2019. MAXIM resumed generation of electricity at Milner on June 13, 2018 following improvements in settled and forward power and gas prices.

  • GlobeNewswire

    Maxim Power Corp. Announces Addendum to Normal Course Issuer Bid

    Maxim Power Corp. ("MAXIM" or the "Corporation") announced today that it has received approval from the Toronto Stock Exchange ("TSX") to invoke automatic purchases of its common shares ("Shares") under its current normal course issuer bid ("NCIB") during the Corporation's internal blackout period for its upcoming financial quarter.  Such purchases will be at the discretion of the designated broker based on parameters established by the Corporation prior to the blackout period or any period when it is in possession of material undisclosed information. MAXIM's NCIB commended on May 11, 2018 and may continue to May 10, 2019 or such earlier time as the NCIB is completed or terminated at the option of MAXIM.  As reported on May 8, 2018 MAXIM may purchase for cancellation up to 3,100,000 Shares.

  • GlobeNewswire

    Maxim Power Corp. Announces 2018 Fourth Quarter Financial and Operating Results

    Maxim Power Corp. (MXG.TO) ("MAXIM" or the "Corporation") announced today the release of financial and operating results for the fourth quarter and year ended December 31, 2018. The audited consolidated financial statements, accompanying notes and Management's Discussion and Analysis ("MD&A") will be available on SEDAR and on MAXIM's website on March 18, 2019. The Financial Highlights below include the results from MAXIM's continuing operations, unless otherwise noted.