Maxim Resources (MXM) News Release
I must say it has been a long time since I have seen a share price go up on the announcement of consolidation. The shares are trading at a premium to the PP Unit offering price.
Regards Colin
Maxim Resources - Share Consolidation
Vancouver, B.C. - Maxim Resources Inc. ("Maxim" or the "Company") is pleased to announce that, effective Thursday, July 29, 2010, it will complete the consolidation of its common shares on the basis of one (1) new post consolidation share for every four (4) current pre consolidation common shares, previously announced on June 25, 2010. A new CUSIP number of 577757 206 replaces the old CUSIP number of 577757 107, to distinguish between the pre- and post-consolidated shares. The Company's name and trade symbol will remain unchanged.
Commencing at opening of trading on Thursday, July 29, 2010, the common shares of the Company will trade on a post consolidation basis on the TSX Venture Exchange. Following the consolidation there are expected to be 17,621,992 post consolidation shares outstanding.
On behalf of the Board
"Arthur Brown"
President and CEO
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Maxim Resources Inc.
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CODE : MXM.V |
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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. |