MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP? Message Board

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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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To: Wayne Allen who wrote (366)	4/17/1997 9:59:00 AM
From: Grant Movold	of 751

Hi Wayne the info your looking for can be found in this statement from the release. Maximum has agreed to contribute to the joint venture 25% of all monies expended on the development of the property up to and including the earlier date of a full bankable feasibility study or commercial achievement. At the conclusion, Maximum's contributions shall revert to that constituted by its joint venture interest. The agreement is for 20% although they have agreed to contribute 25% retro to the feasibility study. Once that is all said and done they will revert back to the 20% agreement. Sometimes you have to read the releases a few times to get the full meaning of what is said. Grant

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