| Maxim Announces Update on Proposed Non-Brokered Private Placement | |
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TORONTO, ONTARIO--(Marketwired - Dec. 4, 2014) - Maxim Resources Inc. ("Maxim" or the "Company") (TSX VENTURE:MXM)(M5HA.F)(MXMSF) announces that, further to its news release of November 20, 2014, the Company continues to pursue a proposed non-brokered private placement financing for aggregate gross proceeds of up to $2.5 million (the "Offering"). The Company proposes to issue up to 20,000,000 units (each, a "Unit") in the Offering at a price of $0.125 per Unit. Each Unit shall be comprised of one common share in the capital of the Company (each, a "Common Share") and one whole warrant to acquire a Common Share at an exercise price of $0.18 per Common Share for a period of two years from the date of issuance. The Offering is now expected to close on or before December 15, 2014. Net proceeds of the Offering will be used for general working capital. The securities issued pursuant to the Offering will be subject to a statutory 4 month plus one day hold period from the date of issuance. The Offering remains subject to TSXV approval and applicable regulatory authorities. About Maxim Maxim is an oil and gas production and exploration company based in Vancouver, Canada. The Company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent investment is a Reconnaissance Contract for the Hassi Berkane Block, in the Kingdom of Morocco ("Morocco) in partnership with the National Office of Hydrocarbons and Mines ("ONHYM")". We encourage any interested parties to visit www.maximresources.com and hit the Register for News tab at the top of the page. Issued on behalf of the Board of Directors of Maxim Resources Inc. Arthur Brown, Chairman of the Board of Directors Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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Maxim Resources Inc.
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CODE : MXM.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Maxim Res. is a and oil exploration company based in Canada. Maxim Res. develops natural gas in Australia. Its main asset in production is SELLHEIM GOLD in Australia and its main asset in development is SOUTH ERIN BLOCK in Australia. Maxim Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 292 050 as of today (US$ 218 813, € 209 404). Its stock quote reached its highest recent level on December 30, 2005 at CA$ 1.10, and its lowest recent point on December 16, 2016 at CA$ 0.01. Maxim Res. has 58 410 000 shares outstanding. |