MGM Resources Announces Special Dividend and Return of Capital
Toronto, Ontario--(Newsfile Corp. - July 29, 2022) - MGM Resources Corp. ("MGM" or the "Company") announces that its board of directors has approved a special dividend (the "Special Dividend") and a return of capital (the "Return of Capital"; together with the Special Dividend, the "Distribution") to registered holders ("Registered Holders") of common shares in the capital of MGM ("MGM Shares"), which will be comprised of a combination of cash and common shares in the capital of WonderFi...
2022-07-29 9:55 PM EDT
MGM Announces Proposed Business Combination with Digital Asset Platform Provider and $10 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - February 22, 2021) - MGM Resources Corp. ("MGM") is pleased to announce that it has entered into a letter agreement (the "Letter Agreement") with an arm's-length, Ontario-based provider of a digital asset platform (the "Target"; together with MGM, the "Parties") that became effective and binding between the Parties on February 19, 2021. Under the Letter Agreement, the Parties will effect a business combination that, subject to certain conditions and...
2021-02-22 11:49 AM EST
MGM Resources Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - February 14, 2020) - MGM Resources Corp. ("MGM" or the "Company") is pleased to announce that it has closed a non-brokered private placement, raising aggregate gross proceeds of $100,000 through the issuance of 16,666,667 common shares in the capital of the Company (each, a "Common Share") at a price of $0.006 per Common Share (the "Offering"). The gross proceeds of the Offering will be used for general working capital purposes. All Common Shares issued...
2020-02-14 6:53 PM EST
MGM Resources Announces Revocation of Cease Trade Orders
Toronto, Ontario--(Newsfile Corp. - October 24, 2019) - MGM Resources Corp. ("MGM" or the "Company") is pleased to announce that effective October 23, 2019 (the "Effective Date"), the British Columbia Securities Commission and the Alberta Securities Commission (together, the "Securities Regulators") have issued orders revoking their cease trade orders, originally issued in respect of the securities of the Company on, respectively, July 9, 2013, and October 10, 2013.On October 7, 2019, the...
2019-10-24 9:56 AM EDT
MGM Resources Announces Change of Auditor
Toronto, Ontario--(Newsfile Corp. - September 16, 2019) - MGM Resources Corp. (the "Company") announces that it has changed its auditor from Crowe MacKay LLP (the "Former Auditor") to Stern & Lovrics LLP (the "Successor Auditor"). The Former Auditor resigned effective September 11, 2019, at the Company's request, and the Company's board of directors appointed the Successor Auditor to fill the resulting vacancy until the close of the next annual meeting of the Company's shareholders. The...
2019-09-16 1:12 PM EDT
MGM Resources Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - July 10, 2019) - MGM Resources Corp. ("MGM" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement, raising aggregate gross proceeds of $145,000.00 through the issuance of 29,000,000 common shares in the capital of the Company (each, a "Common Share") at a price of $0.005 per Common Share (the "Offering"). All Common Shares issued pursuant to the Offering are subject to a statutory hold period of...
2019-07-10 4:25 PM EDT
MGM Resources Announces Partial Revocation Order and Proposed Private Placement
Toronto, Ontario--(Newsfile Corp. - June 26, 2019) - MGM Resources Corp. ("MGM" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 29,000,000 common shares of the Company ("Common Shares") at a price of $0.005 per Common Share, to raise aggregate gross proceeds of up to $145,000 (the "Offering"). The Offering is proposed to be completed pursuant to two partial revocation orders (each, a "Partial Revocation Order") issued by the...
2019-06-26 9:52 AM EDT
MGM Announces Changes to Board of Directors and Management
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - MGM Resources Corp. ("MGM" or the "Company") announces that Monty Montaine has resigned as the sole director and officer of the Company. The Company has appointed Michael Lerner, Harvey McKenzie, and Neil Novak to the board of directors following Mr. Montaine's resignation. In addition, Michael Lerner has been appointed as the Chief Executive Officer and Chief Financial Officer of the Company.Mr. Lerner brings with him more than...
2019-05-29 5:12 PM EDT