Mart Resources Inc < (MAUXF) 0.3804 $MAUXF Mart

New Post Public Reply Private Reply Replies (0) Message Board
Stock_Tracker
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)

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Athlete Threats: Public Info Fuels Security Risks

Updated Category News Views 3

Public Exposure: The New Athlete Achilles' Heel Imagine sitting on millions while living in a glass house. That's the kind of predicament today's athletes find themselves in, thanks to the treasure trove of public information spilling their personal lives all over the internet. According to the latest Hush Intelligence Athlete Threat Report 2026, this very exposure has...

Continue Reading
Ace Hardware Ups the Stakes with Rewards Days Event

Updated Category News Views 4

Ace Hardware: Doubling Down with Rewards Ace Hardware's rolling out the red carpet for its loyal customers. Imagine this: exclusive deals on trusted brands and double points on purchases—an incentive any savvy shopper would jump at. From October 6 to 7, those in the Ace Rewards circle have the chance to nab some hefty savings and perks, a move that's more than just a...

Continue Reading
New Tools Arm Manufacturers in Additive Arena

Updated Category News Views 3

Diving Headfirst into Additive Manufacturing Standards Additive manufacturing (AM)—it's not just another tech buzzword. It's revolutionizing everything from life-saving medical devices to cutting-edge aerospace components. But as with any game-changing innovation, there's a wild west era before standards reign in the chaos. Enter ANSI and America Makes, offering new...

Continue Reading
Nukleus Launches Unified Platform for Athletes' Business

Updated Category News Views 4

Leveling the Business Field for Athletes Athletes spend their lives fighting for every inch on the field, and now Nukleus is giving them the tools to hold ground off it. Why should they be the last ones to know their own business? Ashton Jeanty and Nukleus got tired of that narrative and kicked off a platform today with a real promise: putting an athlete's entire business...

Continue Reading
Gateway Unveils All-In-One Award Travel Platform

Updated Category News Views 7

Transforming Loyalty with point.me's Gateway Here's the deal: the loyalty program game just changed. Point.me rolled out this slick beast called Gateway, and it's weaving award travel booking right into your everyday banking apps. That's right, ditch those clunky third-party sites, because now you can browse, compare, transfer, and book your award travel directly from...

Continue Reading
MiniCo's New Desk: A Game Changer for E&S Market

Updated Category News Views 4

A New Chapter in Industrial Casualty Look out, folks! MiniCo Insurance Agency is making waves with its latest launch. They're teaming up with Lloyd's of London, not to sell fish and chips, but to bring something groundbreaking in the insurance space—an industrial casualty trading desk. And if you’re raising an eyebrow wondering why this matters, let me break it down...

Continue Reading
Sports Research Joins Costco: Creatine Mix Available

Updated Category News Views 4

Breaking Into the Big League: Sports Research Hits Costco When a company's product finds its way onto Costco's shelves, you know they're not just playing in the minor leagues anymore. This October, Sports Research® made a bold move into the retail giant's sports nutrition section with their new Creatine + Electrolytes powder. It's not their first rodeo when it comes to...

Continue Reading
Fiber Giants Unite to Boost Connectivity in Montana

Updated Category News Views 4

Montana's Broadband Transformation Takes a Leap Folks in Northwest Montana, take note. Vero Fiber and MontanaSky have tied the knot, officially sealing a merger that doesn't just unite two reputable broadband providers but promises to shake up the internet game across the region. Just ask anyone who's tried to stream a movie during peak hours in Flathead Valley. A...

Continue Reading
Wisconsin Chefs Transform Pizza with Crave Brothers Cheese

Updated Category News Views 4

Reimagining Pizza with Wisconsin's Best Cheeses It's not every day you see a pizza challenge that turns a staple of Friday nights into a gastronomic showcase. But that's exactly what's happening in Wisconsin as chefs flex their creativity using Crave Brothers Farmstead Cheese. This is no ordinary cheese-and-pepperoni affair—these culinary pros are cooking up pizzas with...

Continue Reading
Varda Space's Dual Launch Signals Orbital Ambitions

Updated Category News Views 5

It's not every day you see two commercial rockets heading to orbit on the same ride, but that's precisely what Varda Space Industries just pulled off. With the W-8 and W-9 vehicles blasting off together, Varda is positioning itself for a leap in orbital operations. They've hitched a ride aboard SpaceX's Transporter-18 mission, and this is more than just a double...

Continue Reading

Top 5 Most Recently Viewed Articles

Innovative Transportation Solutions Unveiled at Insight Conference

Updated Category News Views 195

Exciting Advances in Transportation Unveiled at Insight Conference Trimble, known for its cutting-edge technology solutions, kicked off the much-anticipated Insight Tech Conference with an impressive display of new developments in transportation technology. This conference provides a platform for industry leaders to collaborate and share transformative innovations aimed...

Continue Reading
Join the Class Action Against Bitfarms Ltd. with Levi & Korsinsky

Updated Category News Views 129

Details on the Class Action Lawsuit Against Bitfarms Ltd. Levi & Korsinsky, LLP is reaching out to investors of Bitfarms Ltd. (NASDAQ: BITF) regarding a significant class-action securities lawsuit. This initiative aims to provide justice and compensation for shareholders adversely affected by alleged securities fraud. Understanding the Class Action Suit The lawsuit...

Continue Reading
Plasma Fractionation Market Growth Forecast to 2034

Updated Category News Views 127

Overview of the Plasma Fractionation Market The global plasma fractionation market is set for significant growth, with estimates suggesting a remarkable increase from USD 35.25 billion in 2024 to around USD 80.44 billion by 2034. This growth, which indicates a compound annual growth rate (CAGR) of 8.6%, is driven primarily by rising needs for pharmaceutical therapies to...

Continue Reading
Charter Communications Faces Class Action Lawsuit: Key Details

Updated Category News Views 287

Charter Communications Faces Class Action Lawsuit Recently, investors of Charter Communications are alerted regarding a class action lawsuit filed against the company. The law firm of Kessler Topaz Meltzer & Check, LLP is taking the lead on this case, urging those who have incurred losses from Charter securities to reach out for assistance. The lawsuit focuses on...

Continue Reading
El Bandido Yankee Secures Key MBE Certification

Updated Category News Views 74

El Bandido Yankee Earns Its Stripes In the spirits world, where competition is as fierce as a wild west showdown, snagging a Minority Business Enterprise (MBE) certification is like hitting the jackpot in a high-stakes poker game. El Bandido Yankee, the brainchild of Jim Bob Morris, just did that. This isn't some paper award given out like candy; it's a game-changer,...

Continue Reading