Magnum Energy Inc. Announces Delay to Closing of Provost
March 17 2014 - 4:00PM
Marketwired
Magnum Energy Inc. Announces Delay to Closing of Provost
CALGARY, ALBERTA--(Marketwired - Mar 17, 2014) - MAGNUM ENERGY
INC. ("Magnum" or the "Corporation") (TSX-VENTURE:MEN) Magnum
announces that closing of the previously announced transaction with
Artisan Energy Corporation ("Artisan") to sell Magnum's 50% working
interest in the Provost area of Alberta (the "Provost Asset") for
proceeds of $5.6 million has been deferred from March 14, 2014 to
March 31, 2014 to allow Artisan additional time to finalize its
financing. No further extensions to closing are currently
contemplated by Magnum.
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Magnum Energy Inc.Richard NemethPresident &
CEO604.948.2688rnemeth@magnumenergyinc.com