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Post by
petunia1on May 15, 2014 11:29am
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First Sahara to sell Beni Znassen block to Maxim
First Sahara to sell Beni Znassen block to Maxim First Sahara to sell Beni Znassen block to Maxim
First Sahara Energy Inc (C:FSE)
Shares Issued 10,724,785
Last Close 5/12/2014 $0.025
Thursday May 15 2014 - News Release
Mr. David Lane reports
FIRST SAHARA ENTERS INTO BENI ZNASSEN BLOCK SALES AGREEMENT
First Sahara Energy Inc. has entered into a heads of agreement with Maxim Resources Inc., whereby Maxim will acquire the company's interest in the reconnaissance contract on the Beni Znassen block in Morocco.
Maxim will acquire a 100-per-cent interest in the Beni Znassen property and upon completion of the reregistration to Maxim of the reconnaissance contract, First Sahara will receive a total of two million common shares of Maxim Resources Inc.
We seek Safe Harbor.