MXM-TSXV
M5H-FRANKFURT
MXMSF-US OTC
Maxim Enters Into Letter Agreement to Acquire Trinidad based On-Shore Oil Producer
Vancouver, B.C. - Maxim Resources Inc. ("Maxim" or the "Company") is pleased to announce that it has entered into a binding letter agreement with arm's length third parties to purchase all of the outstanding shares of a private Trinidad based on-shore oil producer. The purchase price is US$10,000,000 cash payable on closing plus the assumption of debt in the amount of US$1,600,000. In connection with the purchase, Maxim has also agreed to grant the vendors a 3% gross overriding royalty in perpetuity on production from the currently producing property. Finder's fees may be payable to arm's length third parties upon the completion of the acquisition.
The completion of the proposed purchase is subject to a number of conditions including, negotiation and execution of a definitive agreement, receipt of all required regulatory approvals, including approval of the TSX Venture Exchange, and completion of due diligence investigations by Maxim.
On behalf of the Board
"Arthur Brown"
Arthur Brown
President and CEO
For further information, please contact Arthur Brown, President and CEO of the Company at (604) 630-0280 or toll free at 1-888-882-8891
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Maxim Resources Inc.
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CODE : MXM.V |
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Maxim Res. est une société d’exploration minière et de pétrole basée au Canada. Maxim Res. est en développement de projets de gaz en Australie. Son principal projet en production est SELLHEIM GOLD en Australie et son principal projet en développement est SOUTH ERIN BLOCK en Australie. Maxim Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 292 050 CA$ (218 813 US$, 209 404 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2005 à 1,10 CA$, et son plus bas niveau récent le 16 décembre 2016 à 0,01 CA$. Maxim Res. possède 58 410 000 actions en circulation. |