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: Mr.Staya who wrote (415)	5/7/1997 4:28:00 PM
From: Mr.Staya	of 751

Maximum Resources Inc - News Release $100,000 special warrant financing; private placement cancelled Maximum Resources Inc MXR Shares issued 9914948 1997-05-06 close $0.26 Wednesday May 7 1997 News Release Mr Russell Godwin reports The company has negotiated a private placement of 500,000 special warrants at $0.20 for $100,000. Each special warrant is exercisable, without additional consideration, into units with each unit consisting of one share and a one-year warrant to acquire an additional share at $0.23. The special warrants are deemed exercised on the earlier of (a) the issuance of a receipt for a final EOP and (b) 12 months from the date of closing. If a receipt for a final prospectus is not received within 120 days of closing, each placee will receive, at no extra cost, an additional 0.1 unit so that the units will consist of 1.1 shares and 1.1 warrants. Proceeds have been allocated for general working capital. The company has cancelled the 500,000 unit private placement announced in Stockwatch, March 11 1997. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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