By Sheri Kasprzak
Atlanta, Feb. 16 - Maxim Resources Inc. said it has raised C$3 million in a private placement of units.
The company issued 10 million units at C$0.30 each in the offering. The units are comprised of one share and one warrant.
The warrants allow for an additional share at C$0.45 each for one year.
Canaccord Capital Corp. was the placement agent.
Based in Vancouver, B.C., Maxim is an oil and gas exploration company. It plans to use the proceeds to fund oil and gas properties it may identify in the future. The remainder will be used for general corporate purposes and working capital.
| Issuer: | Maxim Resources Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$3 million
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| Units: | 10 million
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| Price: | C$0.30
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.45
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| Placement agent: | Canaccord Capital Corp.
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| Settlement date: | Feb. 16
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| Stock price: | C$0.62 at close Feb. 16
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