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Mart Resources Inc [ (MAUXF) 0.3804 $MAUXF

Mart Resources, Inc. Announces Closing of Arrangement
Marketwired - Thu Mar 24, 8:35AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that it has closed the previously announced plan of arrangement (the "Arrangement" with Midwestern Oil & Gas Company Limited ("Midwestern", San Leon Energy Plc and 1038821 B.C. Ltd. ("Acquireco". Pursuant to the Arrangement, Acquireco, an indirect wholly-owned subsidiary of Midwestern, acquired all of the issued and outstanding common shares of Mart (the "Mart Shares" and holders of Mart Shares ("Mart Shareholders" received CAD$0.25 cash in exchange for each Mart Share held (the "Cash Consideration" for aggregate consideration of approximately CAD$89.2 million for all Mart Shares. All outstanding stock options of Mart were terminated without further consideration. FirstEnergy Capital LLP acted as financial adviser to the Special Committee of the Board of Mart with regard to the transaction.
MMT.TO: 0.24 (unch)

Mart Resources Confirms Payment of Purchase Price to Depositary
Marketwired - Wed Mar 23, 8:03AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that further to its prior press releases, Mart has received confirmation that all of the funds required to be paid by 1038821 B.C. Ltd. ("Acquireco" to satisfy the aggregate purchase price to the Mart shareholders and certain transaction costs have been paid to CST Trust Company (the "Depositary" in accordance with the terms of the arrangement agreement dated January 21, 2016. Mart is currently working with Acquireco to complete all necessary closing arrangements on March 24, 2016, being the Outside Date for the completion of the transaction.
MMT.TO: 0.24 (unch)

IIROC Trade Halt - Mart Resources, Inc.
Newsfile Corp - Tue Mar 22, 8:36AM CDT
The following issues have been halted by IIROC:

Mart Resources Updates Status of Arrangement
Marketwired - Tue Mar 22, 8:27AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that further to its prior press releases, Mart has received confirmation that all of the funds required to be paid by 1038821 B.C. Ltd. ("Acquireco" to satisfy the aggregate purchase price to the Mart shareholders and certain transaction costs have been received by Acquireco's lawyers in Canada. Subject to satisfaction of certain closing requirements, Mart expects such funds to be paid by Acquireco's lawyers to the depositary. Accordingly, Mart has agreed to extend the obligation of Acquireco to deposit such funds into escrow with the depositary until 5:00 p.m. (Calgary time) on Tuesday, March 22, 2016. The Outside Date for the completion of the transaction remains as March 24, 2016.
MMT.TO: 0.24 (unch)

IIROC Trade Resumption - Mart Resources, Inc.
Newsfile Corp - Wed Mar 09, 9:57AM CST
Trading resumes in:

Mart Resources Announces Further Amending Agreement
Marketwired - Wed Mar 09, 9:46AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that further to its prior press releases, San Leon Energy Plc ("San Leon", Midwestern Oil & Gas Company Limited ("Midwestern", 1038821 B.C. Ltd. ("Acquireco" and Mart have mutually agreed, pursuant to the terms of a fourth amending agreement (the "Fourth Amending Agreement", to amend the terms of the arrangement agreement dated January 21, 2016, as amended (the "Arrangement Agreement" to extend the obligation of Acquireco to deposit into escrow the purchase price to be paid to Mart shareholders and certain transaction costs until 5:00 p.m. (Calgary time) on Monday, March 21, 2016. The Outside Date for the completion of the transaction has been extended to March 24, 2016. The Fourth Amending Agreement also grants San Leon an extension for the completion of the San Leon financing.
MMT.TO: 0.24 (unch)

Mart Enters into Arrangement Agreement with Midwestern and San Leon Energy
Marketwired - Fri Jan 22, 9:03AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that it has entered into an arrangement agreement (the "Arrangement Agreement" with Midwestern Oil & Gas Company Limited ("Midwestern", San Leon Energy Plc ("San Leon" and 1038221 B.C. Ltd. ("Acquireco". Under the terms of the Arrangement Agreement, Acquireco, a wholly owned subsidiary of Midwestern, will acquire all of the issued and outstanding common shares of Mart by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement". Each Mart shareholder will receive CAD$0.25 in exchange for each Mart common share held (the "Per Share Consideration" for aggregate consideration of all Mart shares of approximately CAD$89.2 million. At closing, Mart and its subsidiaries are expected to have approximately US$200.5 million of outstanding bank debt resulting in an overall transaction value of approximately US$263 million. The Arrangement is subject to customary terms and conditions, including a Financing Condition.
MMT.TO: 0.24 (unch)

Mart Resources, Inc.: Operations and December 2015 Production Update
Marketwired - Wed Jan 20, 7:46AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for December 2015 and other operations.
MMT.TO: 0.24 (unch)

Mart Resources, Inc.: Operations and November 2015 Production Update
Marketwire Canada - Thu Dec 24, 7:00AM CST
Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company" and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for November 2015 and other operations.
MMT.TO: 0.24 (unch)

Mart and Delta Oil Terminate Arrangement Agreement and Private Placement With Delta Oil
Marketwired - Mon Dec 14, 7:02AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that, due to prevailing market and industry conditions, Mart and Delta Oil Nigeria B.V. ("Delta" have mutually agreed to terminate the arrangement agreement dated October 16, 2015 (the "Arrangement Agreement".
MMT.TO: 0.24 (unch)

Mart Resources, Inc.: Operations and October 2015 Production Update
Marketwired - Thu Nov 26, 7:31AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for October 2015 and other operations.
MMT.TO: 0.24 (unch)

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