Maxim Resources Inc. (fka MXMSF)

[souwester]

MXMSF - Maxim Resources, First Sahara property agreement

2014-11-04 18:15 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to a heads of agreement, dated May 14, 2014, and a reconnaissance contract, dated June 18, 2014, between Maxim Resources Inc., First Sahara Energy Inc. and the Office National Des Hydrocarbures et des Mines (ONHYM), whereby the company has acquired the vendor's interest in a reconnaissance contract on the Hassi Berkane block, located in the kingdom of Morocco.

Under the terms of the HOA, the company will issue two million common shares to the vendor as consideration.

For further details, please refer to the company's news releases dated May 15, 2014, June 23, 2014, and July 24, 2014.

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