By Laura Lutz
Des Moines, Sept. 19 - Maximus Ventures Ltd. arranged a private placement of units for up to C$3 million.
The company plans to sell up to 10,000,000 units of one share and one warrant at C$0.30 per unit. Each warrant will be exercisable at C$0.40 for 18 months.
Expiry of the warrants may be accelerated if, at any time more than four months after closing, the closing price of the company's shares is at least C$0.40 for 30 consecutive trading days.
Dundee Securities Corp. and Primary Capital Inc. will act as agents.
Settlement is expected on Oct. 15.
Proceeds will be used for exploration and working capital.
Maximum is a precious-metals exploration company based in Longueuil, Quebec.
| Issuer: | Maximus Ventures Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3 million
|
| Units: | 10,000,000
|
| Price: | C$0.30
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.40
|
| Agents: | Dundee Securities Corp., Primary Capital Inc.
|
| Pricing date: | Sept. 19
|
| Settlement date: | Oct. 15
|
| Stock symbol: | TSX Venture: MXV
|
| Stock price: | C$0.30 at close Sept. 18
|
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