CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Pursuant to the early warning requirements of applicable Canadian securities laws, M. Bruce Chernoff announces that he has acquired, through Alpine Capital Corp. ("Alpine"), an entity majority owned by him, ownership and control of an aggregate of 6,542,928 common shares ("Maxim Shares") of Maxim Power Corp. ("Maxim"), representing approximately 12.9% of the issued and outstanding Maxim Shares (based on 50,554,842 Maxim Shares issued and outstanding prior to the conversion), on conversion of $14,721,588.00 amount of the convertible loan provided by Alpine to Maxim dated September 10, 2019, as amended (the "Convertible Loan") at a conversion price of $2.25 per Maxim Share.

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Pursuant to the early warning requirements of applicable Canadian securities laws, W. Brett Wilson announces that he (indirectly through Prairie Merchant Corporation ("Prairie Merchant") a company owned and controlled by Mr. Wilson) has acquired ownership and control of an aggregate of 6,540,807 common shares ("Maxim Shares") of Maxim Power Corp. ("Maxim"), representing approximately 12.9% of the issued and outstanding Maxim Shares (based on 50,554,842 Maxim Shares issued and outstanding prior to the conversion), on conversion of $14,716,816.11 amount of the convertible loan provided by Prairie Merchant to Maxim dated September 10, 2019, as amended (the "Convertible Loan") at a conversion price of $2.25 per Maxim Share.

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the declaration of a $0.50 per share special dividend, the release of financial and operating results for the third quarter ended September 30, 2024, an amendment of the Senior Credit Facility, and conversion and termination of the Convertible Loan Facility. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM's website on November 7, 2024. All figures reported herein are Canadian dollars unless otherwise stated.

CALGARY, Alberta, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the voluntary repayment of amounts owing within the Senior Credit Facility.

CALGARY, Alberta, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to proceed with a normal course issuer bid ("NCIB"). Under the NCIB, the Corporation may purchase for cancellation up to 2,529,885 common shares of the Corporation (the "Shares"). As at September 3, 2024, MAXIM had 50,597,708 Shares issued and outstanding. As such, the NCIB represents approximately 5% of MAXIM's issued and outstanding Shares as at September 3, 2024. The actual number of Shares that may be purchased for cancellation under the NCIB and the timing of any such purchases will be determined by MAXIM, subject to a maximum daily purchase limitation of 1,382 Shares, which equates to 25% of MAXIM's average daily trading volume of 5,530 Shares for the six months ended August 31, 2024. The Corporation may make one block purchase per calendar week which exceeds the daily repurchase restrictions.

CALGARY, Alberta, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the release of financial and operating results for the second quarter ended June 30, 2024. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM's website on August 6, 2024. All figures reported herein are Canadian dollars unless otherwise stated.

CALGARY, Alberta, June 05, 2024 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the final director election results from its 2024 annual general meeting of shareholders held on June 5, 2024 (the “Meeting”). A ballot was conducted at the Meeting with respect to the election of the directors to hold office until the next annual meeting of shareholders. According to the proxies received and ballots cast, the following directors were elected at the Meeting to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Corporation:

CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2024. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM's website on May 7, 2024. All figures reported herein are Canadian dollars unless otherwise stated.