Technology Solutions Vendor Datex Named 2017 Top 100 Logistics IT Provider

Clearwater Florida (PRWEB) May 25, 2017

For the 11th consecutive year, Inbound Logistics Magazine has again selected Datex as 2017 “Top 100 Logistics IT Provider”. The evaluation process consisted of a review of questionnaires from nearly 300 logistics IT providers which included information on the type of technology solutions and expertise provided. Providers of technology solutions were also asked to supplement the empirical data with additional information to provide contextual insight into their business during the past year. The information solicited included topics such as customer relationships and emerging logistics technology trends. Personal interviews and other research were also used during the evaluation process.

The Inbound Logistics Top 100 Logistics IT Provider recognition is designed to help match readers’ rapidly changing needs to the capabilities of the companies selected in areas such as scalability, ease of implementation and fast ROI. Datex FootPrint WMS is known to be one of the most highly flexible, user friendly warehouse management systems in the supply chain/logistics industry today.

“Datex continues to provide the technology solutions Inbound Logistics readers need to achieve the visibility and control that drives successful supply chains," said Felecia Stratton, Editor, Inbound Logistics. "As shippers, carriers, and 3PLs increase their use of logistics IT, Datex continues to be flexible and responsive, anticipating customers’ evolving needs. Business leaders are struggling to balance the need for advance planning against the demands for supply chain agility, fewer inventory touches, and wrangling the complexity of omni-channel and e-commerce distribution regimes. Datex deserves recognition for providing the innovative solutions empowering logistics and supply chain excellence in 2017.”

About Inbound Logistics

Since its inception in 1981, Inbound Logistics' educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available at http://www.inboundlogistics.com.

About Datex

In successful operation since 1978, Datex has helped companies operate more efficiently and productively using cutting edge technology. Known for developing highly flexible workflow-based warehouse management software, Datex FootPrint WMS is in use by 3PLs, warehousing and distribution operations, and manufacturers across the world. Specialists in third party logistics operations and regulated inventory, Datex solutions are highly effective in providing labor and time savings and increased inventory visibility and tracking. For more information on Datex software, hardware and managed services, please visit the Datex website.

.For more information, please contact Laura Olson, Director of Sales and Marketing at lolson(at)datexcorp.com.

Read the full story at http://www.prweb.com/releases/2017/05/prweb14371148.htm

MEG Energy provides Annual and Special Meeting voting results

CALGARY, AB
–(Marketwired – May 25, 2017) – MEG Energy Corp. (TSX: MEG) announces voting results from its Annual and Special Meeting of Shareholders held on May 25, 2017.

Shareholders elected all directors nominated by management, the results being as follows:

Director   Vote For   Withhold Vote
#   %     %
Boyd Anderson   230,187,237   99.98   48,939     0.02
Harvey Doerr   230,121,824   99.95   114,352     0.05
Robert Hodgins   229,923,152   99.86   313,024     0.14
Timothy Hodgson   230,188,514   99.98   47,662     0.02
William R. Klesse   222,151,667   96.49   8,084,509     3.51
David B. Krieger   229,453,100   99.66   783,076     0.34
William J. McCaffrey   177,440,470   77.07   52,795,706     22.93
Jeffrey J. McCaig   229,840,359   99.83   395,817     0.17
James D. McFarland   193,246,258   83.93   36,989,918     16.07
Diana McQueen   230,000,493   99.90   235,683     0.10

Shareholders approved the Corporation’s amended and restated Shareholder Rights Plan, with 87.07% of the votes cast being in favour.

Shareholders also passed a resolution accepting the Corporation’s approach to executive compensation, with 98.30% of the votes cast being in favour.

Shareholders also approved the reappointment of PricewaterhouseCoopers LLP as auditors of the Corporation for the ensuing year.

Lastly, after serving as a director of the Corporation for over 13 years, Peter Kagan stepped down from the Corporation’s board of directors effective May 25, 2017. “Peter joined MEG’s Board as we were working to expand and define our resources, and I would like to thank him for his thoughtful leadership and counsel on the board,” said Bill McCaffrey, President, Chief Executive Officer and Director. “Although Peter will be missed, the foundations that he helped put in place will ensure the future success of the company.”

MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. MEG’s common shares are listed on the Toronto Stock Exchange under the symbol “MEG.”

Forward-Looking Information

This document may contain forward-looking information including but not limited to: expectations of future production, revenues, expenses, cash flow, operating costs, steam-oil ratios, pricing differentials, reliability, profitability and capital investments; estimates of reserves and resources; anticipated reductions in operating costs as a result of optimization and scalability of certain operations; and anticipated sources of funding for operations and capital investments. Such forward-looking information is based on management’s expectations and assumptions regarding future growth, results of operations, production, future capital and other expenditures, plans for and results of drilling activity, environmental matters, and business prospects and opportunities.

By its nature, such forward-looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks associated with the oil and gas industry, for example, results securing access to markets and transportation infrastructure; availability of capacity on the electricity transmission grid; uncertainty of reserve and resource estimates; uncertainty associated with estimates and projections relating to production, costs and revenues; health, safety and environmental risks; risks of legislative and regulatory changes to, amongst other things, tax, land use, royalty and environmental laws; assumptions regarding and the volatility of commodity prices, interest rates and foreign exchange rates, and, risks and uncertainties related to commodity price, interest rate and foreign exchange rate swap contracts and/or derivative financial instruments that MEG may enter into from time to time to manage its risk related to such prices and rates; risks and uncertainties associated with securing and maintaining the necessary regulatory approvals and financing to proceed with MEG’s future phases and the expansion and/or operation of MEG’s projects; risks and uncertainties related to the timing of completion, commissioning, and start-up, of MEG’s future phases, expansions and projects; the operational risks and delays in the development, exploration, production, and the capacities and performance associated with MEG’s projects; and uncertainties arising in connection with any future disposition of assets.

Although MEG believes that the assumptions used in such forward-looking information are reasonable, there can be no assurance that such assumptions will be correct. Accordingly, readers are cautioned that the actual results achieved may vary from the forward-looking information provided herein and that the variations may be material. Readers are also cautioned that the foregoing list of assumptions, risks and factors is not exhaustive.

Further information regarding the assumptions and risks inherent in the making of forward-looking statements can be found in MEG’s most recently filed Annual Information Form (“AIF”), along with MEG’s other public disclosure documents. Copies of the AIF and MEG’s other public disclosure documents are available through the SEDAR website which is available at www.sedar.com.

The forward-looking information included in this document is expressly qualified in its entirety by the foregoing cautionary statements. Unless otherwise stated, the forward-looking information included in this document is made as of the date of this document and MEG assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.

MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. MEG’s common shares are listed on the Toronto Stock Exchange under the symbol “MEG.”

For further information, please contact:

Investors
Helen Kelly
Director, Investor Relations
403-767-6206
Email contact

Media
Davis Sheremata
Senior Advisor, External Communications
587-233-8311
Email contact

AIMCo Announces Significant Investment in Ikkuma Resources

AIMCo Announces Significant Investment in Ikkuma Resources

PR Newswire

EDMONTON, May 25, 2017 /PRNewswire/ - Alberta Investment Management Corporation (“AIMCo”), on behalf of certain of its clients, is pleased to announce that today it has successfully entered into a strategic financing relationship with Ikkuma Resources Corp., (“Ikkuma”) (TSE: IKM).

Based upon the terms of the agreement, the financing relationship provides for a debt-with-warrants financing consisting of a CAD $45 million second lien senior secured term loan, which bears annual interest at 7.25% and matures on March 31, 2022, and warrants issued by Ikkuma, for no additional consideration, to purchase common shares of Ikkuma to AIMCo, entitling AIMCo to acquire up to 6,750,000 common shares for a period of three years, at an exercise price of $0.86 per Common Share.

Ikkuma is a growth-oriented oil and gas company operating in the Alberta and BC Foothills. AIMCo’s investment in Ikkuma provides its clients an attractive opportunity to gain direct exposure to a Calgary-based Canadian energy company focused on long-term value creation through high growth, low decline, gas-weighted, oil upside in conventional bypassed reservoirs. The technical team at Ikkuma has worked together for over a decade in the Foothills Region of Western Canada, demonstrating the unique skills and repeat success at exploiting a complex and prolific play type that are fundamental ingredients for a successful growth-oriented company.

“AIMCo is very pleased to have an opportunity to increase our investment in Ikkuma Resources, on behalf of our clients, by way of this strategic financing relationship,” states Peter Pontikes, Executive Vice-President, Public Equities of AIMCo. “AIMCo enjoys a strong working relationship with Ikkuma’s accomplished management team, and we have great confidence in their ability to most effectively utilize this investment to navigate current challenges facing the market, while also positioning the company for future growth.”

Tim de Freitas, President and CEO of Ikkuma Resources Corp. comments “Having a large sophisticated Alberta-based Institutional Investor alongside Ikkuma is a privilege. AIMCo, has supported Ikkuma from its inception several years ago, and continues to share Ikkuma’s view of long term value creation within Alberta’s prolific foothills reservoirs. This investment increases the Corporation’s liquidity and allows it to pursue its exciting new light oil discovery, through 2017 and beyond.”

About Alberta Investment Management Corporation (AIMCo)

AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than $100 billion of assets under management. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo operates at arms-length from the Government of Alberta and invests globally on behalf of 32 pension, endowment and government funds in the Province of Alberta. For more information on AIMCo please visit www.aimco.alberta.ca.

About Ikkuma Resources (Ikkuma)

Ikkuma Resources Corp is a diversified junior public oil and gas company listed on the TSX-V under the symbol IKM, with holdings in both conventional and unconventional projects in Western Canada. Further information about Ikkuma can be found at www.ikkumarescorp.com.

SOURCE Alberta Investment Management Corp.