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September 04, 2015 7:34 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Powder Mountain Energy Ltd.

Company Overview

As of July 29, 2015, Powder Mountain Energy Ltd. was acquired by Canamax Energy Ltd.. Powder Mountain Energy Ltd., a junior oil and gas company, exploration, development, and production of petroleum and natural gas in North America. It primarily holds a 97.0% working interest in 36,480 net acres of oil and gas leases located in south-east Saskatchewan. The company also holds properties in Saskatchewan, Alberta, and the United States. Powder Mountain Energy Ltd. is headquartered in Calgary, Canada.

600 – 6th Avenue SW

Suite 300

Calgary, AB T2P 0S5

Canada

4 Employees

Phone:

403-930-4060

Fax:

403-930-4065

Key Executives for Powder Mountain Energy Ltd.

Powder Mountain Energy Ltd. does not have any Key Executives recorded.

Powder Mountain Energy Ltd. Key Developments

Powder Mountain Energy Ltd. Announces Resignation of Board of Directors

Canamax Energy Ltd. and Powder Mountain Energy Ltd. announced the completion of the acquisition by Canamax of all of the issued and outstanding common shares of Powder by way of a previously announced plan of arrangement under the Business Corporations Act (Alberta). Concurrent with the completion of the Arrangement, all of the directors and officers of Powder resigned. Larry Evans, Massimo Geremia, Sam Ingram and Trent Baker are resigned from the Powder Board.

Powder Mountain Energy Ltd., Annual General Meeting, Jul 29, 2015

Powder Mountain Energy Ltd., Annual General Meeting, Jul 29, 2015., at 10:00 Mountain Standard Time. Location: Suite 1500, 407 - 2 Street SW. Agenda: To receive and consider the financial statements of the corporation for the year ended September 30, 2014,and the auditors' report thereon; to consider the election of the directors of the Corporation for the ensuing year; to appoint auditors of the corporation for the ensuing year and to authorize the directors of the Corporation and to fix the auditors' remuneration; to consider and, if thought advisable, re-approve by ordinary resolution the stock option plan for the corporation; to approve a plan of arrangement under section 193 of the ABCA involving Powder Mountain, Canamax Energy Ltd. and the Powder Mountain Shareholders; and to transact such further and other business as may properly be brought before the Powder Mountain Meeting or any adjournment or postponement thereof.

Powder Mountain Energy Seeks Acquisitions

Powder Mountain Energy Ltd. (TSXV:PDM) intends to evaluate all aspects of its business plan including drilling additional wells, property acquisitions and other opportunities that are accretive and will increase shareholder value.

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