News Releases


July 6, 2020 - News

Maxim Power Corp. Announces Officer Appointment

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) announced today that Hansine Ullberg has joined the Corporation as Chief Financial Officer (“CFO”).


June 12, 2020 - News

Maxim Power Corp. Announces Board of Directors Election Results

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) announced today the final director election results from its 2020 annual general meeting of shareholders held on June 12, 2020 (the “Meeting”).


June 1, 2020 - News

Maxim Power Corp. Commissions M2, the Largest Simple Cycle Natural Gas-Fired Power Plant in Alberta

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) announces it has successfully commissioned its 204 MW natural gas-fired power plant (“M2”) located near Grande Cache, AB.


May 26, 2020 - News

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

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) to proceed with a normal course issuer bid (“NCIB”).


May 7, 2020 - News

Maxim Power Corp. Announces 2020 First Quarter Financial and Operating Results

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2020.


March 19, 2020 - News

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

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter ended December 31, 2019.


December 19, 2019 - News

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

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) 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.


November 7, 2019 - News

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

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) announced today the release of financial and operating results for the third quarter ended September 30, 2019.


October 15, 2019 - News

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.


October 3, 2019 - News

Maxim Power Corp. Announces Amendments to Convertible Loan Agreement

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) 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”).