By Sheri Kasprzak
Atlanta, April 28 - Maxim Resources Inc. said it has raised an additional C$150,000 from a private placement closed in December 2004, bringing the total proceeds raised from the deal to C$994,999.
The company sold a total of 3,316,666 units at C$0.30 each.
The units include one share and one warrant. The warrants provide for an additional share at C$0.45 each through Dec. 22, 2005.
Societe Privee de Gestion de Patrimoine purchased 2,833,333 units.
The deal was first wrapped on Dec. 22, 2004 for C$845,000 in a deal comprised of 2,816,666 units under the same terms.
Based in Vancouver, B.C., Maxim is an oil and natural gas exploration and development company.
| Issuer: | Maxim Resources Inc.
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| Issue: | Units of one share and one warrant
|
| Amount: | C$994,999
|
| Units: | 3,316,666
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
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| Warrant expiration: | Dec. 22, 2005
|
| Warrant strike price: | C$0.45
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| Investor: | Societe Privee de Gestion de Patrimoine
|
| Settlement date: | April 27 for C$150,000; Dec. 22, 2004 for C$845,000
|
| Stock price: | C$0.41 at close Dec. 22, 2004
|
| Stock price: | C$0.30 at close April 27
|
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