Maxim Resources Inc. (fka MXMSF)

[souwester]

MXMSF - DUAL LISTING - RALLY STARTING

Maxim Resources to apply for listing on AIM
Maxim Resources Inc (2) (C:MXM)

Shares Issued 36,276,254
Last Close 10/9/2014 $0.135
Friday October 10 2014 - News Release

Mr. Arthur Brown reports

MAXIM RESOURCES INC. PROPOSED DUAL LISTING ON AIM

Maxim Resources Inc. is considering undertaking a dual listing and seeking admission of its shares to trading on the Alternative Investment Market of the London Stock Exchange. SP Angel Corporate Finance LLP have been appointed as the Company's proposed Nominated Adviser ("Nomad") and UK broker in relation to the proposed dual listing on AIM.

With the proposed dual listing on AIM, the Company believes it will benefit from improved access to global investors and institutional support as well as the presence of well-established oil and gas sector research coverage. The proposed dual listing on AIM will enhance the Company's profile in the UK and European capital markets and broadens the range of investors in these markets that can invest in the Company. It will further allow existing UK and European shareholders to trade more freely in the Company's shares.

"The TSX Venture Exchange and capital markets have proven to be a great platform for the initial development of Maxim. Through our TSX.V listing, Maxim has successfully closed equity financings in the past years that allowed it to complete and participate in various acquisitions and investments. This includes the acquisition and development of our oil and gas opportunities in the Kingdom of Morocco. The proposed dual listing on AIM will complement this and comes at a time of significant growth for the Company and I believe it will allow us to accelerate and execute further our production and growth plans," Chairman Art Brown commented. "It is anticipated that the proposed dual listing on AIM will be completed by the 1st Q 2015. The key step in this process is the preparation and public release of an independent technical report on the Company's projects. Maxim's geological consultants, Chapman Petroleum Engineering, have been retained for this purpose and have already commenced work on a review of the Company's projects."

The Company is presently working through the application process with its advisors and expects to submit materials once reviews and documentation are complete, though there is no certainty that its shares will be admitted to the AIM Market. Appropriate announcements will be made in due course with any material progress.

Subsequent to the proposed dual listing and admission to trading on AIM, it is the intention that Maxim's common shares will continue to be listed on the TSX-V.

We seek Safe Harbor.


Read more at http://www.stockhouse.com/companies/bullboard/v.mxm/maxim-resources-inc#tXsZtiQ25RR15rPr.99