Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices: The shareholders of Midway Energy Ltd. have accepted the cash and share takeover offer from Whitecap Resources Inc. Midway Energy will be removed from the S&P/TSX SmallCap and Equity SmallCap Indices effective after the close of Wednesday, April 25, 2012.
Whitecap and Midway Energy are pleased to announce that they have successfully closed the previously announced plan of arrangement. Pursuant to the Arrangement, Whitecap acquired all of the issued and outstanding class A common shares of Midway for $111.35 million in cash and the issuance of an aggregate of 32.09 million common shares of Whitecap [...]
Midway Energy is pleased to announce its corporate update and financial and operating results for the year ended December 31. In February 2012 Midway closed a private placement of 6,000,000 units of the Company at a price of $3.50 per unit for total gross proceeds of $21 million. Each unit consisted of one common share and one half of a warrant [...]
Whitecap Resources and Midway Energy are pleased to announce that they have entered into an arrangement agreement providing for the acquisition by Whitecap of all the issued and outstanding common shares of Midway. Midway is a light oil weighted public company with its primary operations located in the Garrington area of Alberta where the majority [...]
Midway Energy is pleased to announce its financial and operating results for the nine months ended September 30, 2011. Midway's light oil properties contributed to record revenue in the third quarter of $28.11 million and funds from operations of $17.65 million ($0.19 per basic share);
Midway Energy is pleased to announce that it has completed its previously announced bought deal private placement of 6,000,000 units of Midway at a price of $3.50 per Unit for gross proceeds of $21,000,000 to a syndicate of underwriters led by GMP Securities LP and including BMO Capital Markets, Desjardins Securities Inc., Macquarie Capital Markets [...]
Midway Energy is pleased to announce that it has signed a purchase and sale agreement to acquire additional Cardium lands and production in the Garrington area of Alberta and has entered into an agreement with a syndicate of underwriters for a bought deal private placement of units for gross proceeds of $21,000,000.
Midway Energy is pleased to announce the results of its independent reserve evaluation for the year ended December 31, 2011 as prepared by Sproule Associates. Proved plus probable reserves at December 31, 2011 increased by 45% to 24.2 million boe after dispositions of 1.3 million boe in British Columbia and Swan Hills;
Midway is pleased to announce a strategic joint venture and partial sale arrangement at Swan Hills focused on its Beaverhill Lake light oil play. Midway has entered into a joint venture and sale agreement involving its Beaverhill Lake mineral rights at Swan Hills with a senior conventional oil and gas producer.
Midway Energy announced today that it has become aware that information may have entered the market with respect to certain potential transactions. The Company has not entered into any definitive agreement with respect to these transactions and will issue a press release when and if a successful transaction has been negotiated.
Midway announced today that it has revised and re-filed its Management's Discussion and Analysis for the three and nine months ended September 30, 2011 to correct the calculation of funds from operations per share for the three months ended September 30, 2011 to $0.22 per share (both basic and diluted) from $0.19 (basic) and $0.18 (diluted). There [...]