Printer Friendly

MAESA PETROLEUM -- SOUTHWEST VIDEO POKER UPDATE

 VANCOUVER, June 4 /PRNewswire/ -- Maesa Petroleum Inc. (Alberta: MPT; NASDAQ: MSAPF) (the "corporation"), announced further developments with regard to its recent acquisition of a 26 percent interest in both Southwest Video Poker Ltd. (SWVP), of Texas, and Allied Gaming Management Inc. ("ALLIED"), of Louisiana. The transactions had previously been scheduled to close on May 15, 1993.
 The corporation announced that the funding requirements for its acquisition of a 26 percent interest of SWVP have been completed. All terms and conditions have been met by both parties and the formal closing is scheduled to be completed on June 10, 1993.
 The acquisition of a 26 percent interest of ALLIED is scheduled to be completed on June 11, 1993. ALLIED has received permission to install its first 50 video poker machines. The installation is scheduled for the week starting June 7, 1993. ALLIED expects revenues from the first 50 machines to commence June 15, 1993.
 The corporation shall seek shareholder approval to change the current name of the corporation to "Maesa Gaming Management Inc." at its next annual general meeting, which is scheduled to take place on Aug. 26, 1993.
 -0- 6/4/93
 /CONTACT: Curtis Brennan of Maesa Petroleum, 604-261-0620/
 (MPT. MSAPF)


CO: Maesa Petroleum Inc.; Southwest Video Poker Ltd.; Allied Gaming
 Management Inc. ST: British Columbia IN: OIL SU:


MC -- DV007 -- 5678 06/04/93 18:53 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 4, 1993
Words:228
Previous Article:GRAND AM RECORD SALES MONTH CONTINUES PONTIAC'S LEAD OVER HONDA DIVISION IN 1993
Next Article:STATEMENT BY WESTFED HOLDINGS OVER THE SEIZURE OF WESTERN FEDERAL SAVINGS AND LOAN
Topics:


Related Articles
MAESA PETROLEUM INC. STAKES LOCATION FOR A TEST WELL ON STALWART PROSPECT
MAESA PETROLEUM INC. STAKES LOCATION FOR A TEST WELL ON STALWART PROSPECT
MAESA PETROLEUM INC. ANNOUNCES ACQUISITION AGREEMENT
MAESA PETROLEUM INC. PROVIDES UPDATE
MAESA PETROLEUM INC. ANNOUNCES CLOSING OF TRANSACTIONS
MAESA PETROLEUM INC. ANNOUNCES NEW DIRECTOR
MAESA PETROLEUM INC. CURRENTLY NEGOTIATING EXTENSION TO CLOSE ACQUISITION
MAESA GAMING ACQUIRES TWO NEW LOCATIONS
MAESA GAMING MANAGEMENT ANNOUNCEMENTS
MAESA FILES RICO ACTION; COMPLAINT SEEKS $1,950,000 IN TREBLE DAMAGES

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters