TORONTO, ONTARIO - October 22, 2014 - Maxim Resources Inc., (Maxim), (TSX.V: MXM Frankfurt: M5HA OTCBB: MXMSF), is pleased to announce that it has retained the services of Star Finance GmbH (“Star Finance”), an investor relations firm from Switzerland to provide investor relations services in Europe.
Effective immediately, Star Finance will provide investor relations, marketing and consultant services for the European market to Maxim Resources Inc. for a period of twelve months. Star Finance will be paid a monthly fee of 3,000 EUR plus allowable disbursements. Star Finance will also receive up to 200,000 incentive stock options (“Options”) to acquire common shares in the capital of Maxim at a price based on the 5 day Volume Weighted Average Price (“VWAP”), subsequent to Maxim’s annual and special meeting scheduled for October 31, 2014 and subject to TSX Venture Exchange approval. The Options will vest 50,000 options every 3 months over 12 months and have a five-year term.
Upon termination of the services agreement, any vested Options will be cancelled after 30 days, as is required for TSX Venture’s Tier 2 Issuers.
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”)”.
About Star Finance
Star Finance GmbH is one of the founding members of Stockteam Germany – a network of Europe-based individual investor relations companies and communication specialists (www.stockteam-germany.com). Stockteam Germany is a one-stop-shop for European investor relations and corporate communication activities and is offering a large variety of state-of-the-art services to its clients, including lead generation, media coverage and dissemination (on- and offline), news release translation and dissemination, social media relations, online investor video conferences, institutional roadshows and (dual-) listing assistance for German stock exchanges. These activities are long-term focussed and bundled into tailor-made packages for each individual client.
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.