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

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To: J. Nelson who wrote ()6/19/1997 7:43:00 PM
From: Kerry S. Nelson   of 751
 
<<<NEWS RELEASE>>>

Shares for debt settlement not proceeding

Maximum Resources Inc MXR
Shares issued 9,914,948 Jun 19 close $0.18
Thu 19 Jun 97 News Release
Mr Russell Godwin reports
Further to news in Stockwatch March 8 1997 where the company announced a
shares for debt settlement with its creditors in the total amount of
$21,000 for the issuance of up to 116,556 shares at $0.18, it has now
withdrawn its submission to the VSE and will not be proceeding with this
transaction.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

===========================

Now what could this possibly do to the stock??? Bring it down even further???? I wonder what MXR has up their sleeve....

Regards,
Kerry S. Nelson
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