Maxim Resources Inc. V.MXM

News

[Scruff]

Maxim Resources extends placement closing to Dec. 15 2014-12-04 16:02 ET - News Release Mr. Arthur Brown reports MAXIM ANNOUNCES UPDATE ON PROPOSED NON-BROKERED PRIVATE PLACEMENT Maxim Resources Inc., further to its news release of Nov. 20, 2014, continues to pursue a proposed non-brokered private placement financing for aggregate gross proceeds of up to $2.5-million. The company proposes to issue up to 20 million units in the offering at a price of 12.5 cents per unit. Each unit shall comprise one common share in the capital of the company, and one whole warrant to acquire a common share at an exercise price of 18 cents per common share for a period of two years from the date of issuance. The offering is now expected to close on or before Dec. 15, 2014. Net proceeds of the offering will be used for general working capital. The securities issued pursuant to the offering will be subject to a statutory four-month-plus-one-day hold period from the date of issuance. The offering remains subject to TSX Venture Exchange approval and applicable regulatory authorities. We seek Safe Harbor