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Midway Up 2.5% Before Trading Halted Thursday: Provides Market With Explanation, Of Sorts

Midway Energy Ltd. (MEL.TO), which was last trading 2.5% higher before a trading halt was placed on the stock at 1.55pm ET on Thursday, announced that it has become aware that information may have entered the market with respect to certain potential transactions. It didn't elaborate. But the company said it has not entered into any definitive agreement with respect to these transactions and will issue a press release when and if a successful transaction has been negotiated.

Midway Energy Ltd. is a public oil and natural gas exploration and development company, located in Calgary, Alberta with operations pursued in Alberta.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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