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MGM Energy Corp. Details Recent Financial Results

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April 25, 2014

MGM Energy Corp. (TO: MGX.TO) detailed its financial results for the three months ending March 31, 2014, the company said April 22.

The company ended the period with CA$73,835,000 in assets, down from Dec. 31, 2013’s $76,326,000 in assets, MGM said.

Net loss for the three-month period was $1.5 million, the company said. This amount was up from the $0.6 million that ended 2013’s three-month period ending March 31 of that year, the company added.

By March 31, 2014, the amount of cash and cash equivalents was $7,723,000, up from ...

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