TORONTO, ONTARIO - (October 10, 2014) - Maxim Resources Inc., (Maxim), (TSX.V: MXM Frankfurt: M5H OTCBB: MXMSF), is pleased to announce that it is considering undertaking a dual listing and seeking admission of its shares to trading on the AIM Market of the London Stock Exchange ("AIM"). 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.
About SP Angel Corporate Finance LLP
S.P. Angel is an Investment Bank that formed in 2006, is a member of the London Stock Exchange, an AIM Nominated Advisor and a leading resources sector advisor and broker. SP Angel prides itself in combining the flexibility, creativity and focus of a smaller institution with the expertise of a global investment bank and is committed to servicing its clients. S.P. Angel is authorized and regulated by the Financial Conduct Authority in the UK. For further information see: www.spangel.co.uk
Maxim is an oil and gas production and exploration company based in Vancouver, Canada. The Company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent investment is a Reconnaissance Contract for the Hassi Berkane Block in the Kingdom of Morocco (“Morocco) in partnership with the National Office of Hydrocarbons and Mines (“ONHYM”)”.
We encourage any interested parties to visit www.maximresources.com and hit the Register for News tab at the top of the page.
Issued on behalf of the Board of Directors of Maxim Resources Inc.
Arthur Brown President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.