Maxim Increases Financing to $1,230,375
Maxim Resources Inc. said that it has increased its non-brokered private placement to 4,921,500 units at $0.25 per unit. Each unit consists of one common share and one half of a share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at $0.35 per share for a period of one year from closing of the private placement.
Finder's fees will be paid on the private placement in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.
The proceeds of the private placement will be used for exploration of oil and gas properties.
Maxim Resources Inc. is an oil and natural gas producer engaged in the acquisition, exploration, production, and development of oil and natural gas properties.
Maxim Resources Inc. currently has properties in Texas, USA (3) and Trinidad and Tobago, W.I. (1) in production, completion testing, being drilled, or with work dates yet to be determined.
- Maxim to Purchase Private Trinidad Producer's Shares (Jun 09)
- Maxim Receives Approval On 47 Well Drill Program in Trinidad (Mar 07)
- Gas Pay Found at High Island Prospect (Aug 21)