MAXIM RESOURCES INC. SIGNS OFFER TO PURCHASE WITH ALBERTA OILSANDS INC.
FRIDAY , AUGUST 6, 2010 � VANCOUVER, B.C., CANADA, Maxim Resources Inc., (Maxim), (TSXV:MXM Frankfurt:M5H OTCBB: MXMSF), is pleased to announce that is has signed an Offer to Purchase with Alberta Oilsands Inc. (AOS), for the acquisition of properties in Leduc-Woodbend, Alberta.
The Offer to Purchase calls for the due diligence and review of assets, as well as the financing and closing of the purchase to be completed by September 15, 2010.
The property consists of 2,068 Hectares and has a total of 34 wells. Present production is approximately 150 BOE per day. At this time some wells are shut in and further analysis is needed.
Maxim will commence due diligence and a full review of the assets immediately as well as begin to seek a relationship with a qualified Operator.
This transaction was brought to Maxim through Western Divestments Ltd.
Maxim presently has a Revenue Interest in Trinidad which calls for 69% revenue override until payout and 41% override thereafter for funds invested. This Revenue Interest is attached to 5 producing wells. Maxim has an option to participate in an ongoing drill program totalling 42 wells over 1,000 plus acres as noted and licensed by PetroTrin, the Trinidadian Petroleum Authority.
Issued on behalf of the Board of Directors of
Maxim Resources Inc.
President & CEO
(604) 630-0280 or toll free at 1-888-882-8891
The Station, Suite #290-601 W. Cordova Street Vancouver, BC V6B 1G1 Telephone: (604) 630-0280 Fax: (604) 688-7846 E-mail: email@example.com http://www.maximresources.com
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