Magnum Energy Inc. Announces Update Re Disposition of Provost, Alberta Property
February 14 2014 - 5:30AM
Marketwired
Magnum Energy Inc. Announces Update Re Disposition of Provost,
Alberta Property
CALGARY, ALBERTA--(Marketwired - Feb 14, 2014) - MAGNUM ENERGY
INC. ("Magnum" or the "Corporation") (TSX-VENTURE:MEN) 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 February 14 to
March 14, 2014. In recognition of this, the effective date of the
transaction has also moved from December 31, 2013 to January 31,
2014. All other terms and conditions remain the same.
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.comwww.magnumenergyinc.com
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