Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Maxim Resources retains plans for London dual-listing

Efforts to conclude an acquisition and new partnership for assets in the United Arab Emirates was a key focus during recent months.
Maxim Resources retains plans for London dual-listing
A co-operation agreement was signed between Maxim and its new partner Quest Energy LLC at the end of October

Maxim Resources (CVE:MXM) has told investors it intends to continue with its planned dual listing onto London’s AIM market.

In documents accompanying its interim results, Maxim said it is in the process of discussions with investors which were part of a syndicate that previously made indicative investment orders.

The pre-revenue oil and gas junior, which currently has assets in Morocco, reported a C$227,726 loss for the three month period to September 30 and ended the quarter with C$89,571 of cash and equivalents.

Efforts to conclude an acquisition and new partnership for assets in the United Arab Emirates was a key focus during recent months.

A co-operation agreement was signed between Maxim and its new partner Quest Energy LLC at the end of October.

“The agreement forms the foundation for a strategic relationship between QE and Maxim, enabling the joint evaluation and potential acquisition of oil and gas projects that either company is considering,” Maxim highlighted.

It added: “The intention is that cash flow or near term cash flow will be a strong focus for the opportunities considered under the terms of the agreement.”

Jamie_55a91591db06b.jpg
Why Invest In Maxim Resources Inc? Read More Here

Register here to be notified of future MXM Company articles
View full MXM profile View Profile

Maxim Resources Inc Timeline

Newswire
November 29 2016
Newswire
January 07 2016

Related Articles

onshore oil operation
March 16 2017
“We are now in the process of starting to unlock the inherent value in our asset base,” said chief executive Andrew Knott.
picture of oil field
Mon
“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”
trice.jpg
June 02 2017
It is fitting then (and probably no coincidence) the venue for the Hurricane AGM was once a forum for Michael Faraday and the other founding fathers of science. For the company has been something of a trail-blazer in North Sea oil exploration

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use