Press release from Marketwire
Maxim Power Corp. Engages Financial Advisors to Review Strategic Alternatives for US and French Assets
Tuesday, November 13, 2012
CALGARY, ALBERTA--(Marketwire - Nov. 13, 2012) - Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that it has appointed financial advisors to review the Corporation's investments in the United States and France in order to identify options to maximize shareholder value. Credit Suisse Securities (USA) LLC has been engaged as financial advisor with respect to MAXIM's investments in the United States and HSBC Bank plc has been engaged as financial advisor with respect to MAXIM's investments in France. MAXIM currently owns 433 MW of electrical generating capacity in the United States, and 191 MW of electrical and 107 MW of thermal generating capacity in France. MAXIM will provide an update on this initiative in Q1 2013.
Based in Calgary, Alberta, MAXIM is an independent power producer, which acquires or develops, owns and operates innovative and environmentally responsible power and power related projects. MAXIM currently owns and operates 40 power plants in western Canada, the United States and France, having 788 MW of electric and 111 MW of thermal net generating capacity. MAXIM trades on the TSX under the symbol "MXG". For more information about MAXIM, visit our website at www.maximpowercorp.com.
Statements in this release which describe MAXIM's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of MAXIM to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. MAXIM may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions and will update such forward-looking statements as required pursuant to applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Maxim Power Corp.
John R. Bobenic
President and CEO
Maxim Power Corp.
Michael R. Mayder
Vice President, Finance and CFO