MGM Energy Corp.
TSX : MGX

MGM Energy Corp.

February 28, 2007 16:38 ET

MGM Energy Corp.: Listing of Longer Term Warrants

CALGARY, ALBERTA--(CCNMatthews - Feb. 28, 2007) - MGM Energy Corp.'s (TSX:MGX) longer term warrants issued pursuant to Paramount Resources Ltd.'s spinout of MGM Energy (and later separated from their corresponding short term warrants) and MGM Energy's subsequent private placement to certain of its directors will be listed and commence trading on the Toronto Stock Exchange under the symbol "MGX.WT.B" at the opening of the market on Friday, March 2. A total of 14,194,141 longer term warrants are outstanding.

Each longer term warrant entitles the holder to acquire, at the holder's option, one MGM common share at a price of $6.00 or one MGM flow-through share at a price of $7.50. The longer term warrants expire at 4:30 p.m. (Calgary time) on September 30, 2007. MGM Energy has posted on its website (www.mgmenergy.com) a document providing information on how to exercise the longer term warrants for MGM Energy common shares or flow-through shares.

MGM Energy is a Canadian oil and natural gas exploration company with interests in the Mackenzie Delta and the Central Mackenzie Valley in the Northwest Territories. MGM Energy's common shares are listed on the Toronto Stock Exchange under the symbol "MGX".

Contact Information

  • MGM Energy Corp.
    H. W. (Henry) Sykes
    President
    (403) 290-3600
    (403) 262-7994 (FAX)
    or
    MGM Energy Corp.
    B.K. (Bernie) Lee
    Chief Financial Officer
    (403) 290-3600
    (403) 262-7994 (FAX)
    or
    MGM Energy Corp.
    4700 Bankers Hall West
    888 3rd Street SW
    Calgary, Alberta T2P 5C5
    Website: www.mgmenergy.com