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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?
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To: Don Rohner who wrote (505)6/24/1997 1:56:00 PM
From: James Berg   of 751
 
I think that FIRE was supposed to get either a NASDAQ smallcap listing or a full NMS listing. These have more stringent requirements than the pink sheet listings, so as a result, they are viewed more favorably by institutional investors and others.

Re: MXR's progress toward raising money needed to exercise the option -- MXR has announced two private placements (each for $100,000 Canadian), so I would guess that they are about 1/2 way or better to having the funds necessary for the option. I believe the geologist's report suggested about $750,000, of which MXR is responsible for 25% in order to exercise the option. I'm assuming the geologist reported in U.S. dollars as it was not stated otherwise.

--James
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