By Sheri Kasprzak
Atlanta, May 18 - Maximus Ventures Ltd. said it plans to raise up to C$1.5 million in a private placement of units.
The non-brokered offering includes up to 10 million units at C$0.15 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable for an additional share at C$0.20 each for 18 months.
Based in Vancouver, B.C., Maximus is a gold and silver exploration company. The proceeds will be used for working capital.
| Issuer: | Maximus Ventures Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.5 million (maximum)
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| Units: | 10 million (maximum)
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| Price: | C$0.15
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.20
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| Pricing date: | May 12
|
| Stock price: | C$0.10 at close May 12
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