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Share Name Share Symbol Market Type
TSXV:MEN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Magnum Energy Inc. Announces Update Re Disposition of Provost, Alberta Property

14/02/2014 11:30am

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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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