Maximus enters $4.6-million private placement deal
www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bi…
2007-02-08 12:59 ET - News Release
Mr. Francois Viens reports
MAXIMUS AGREES TO BROKERED PRIVATE PLACEMENT OF 10,000,000 FLOW-THROUGH SHARES TO RAISE UP TO $4,600,000
Maximus Ventures Ltd. has entered into an agreement with Dundee Securities Corp. pursuant to which Dundee will act as the company\'s agent on a best-efforts basis to place up to 10 million flow-through shares at a price of 46 cents per share for total gross proceeds of up to $4.6-million
Dundee will receive a cash commission equal to 5 per cent of the gross proceeds from the sale of shares and agent\'s warrants equal to 5 per cent of the number of flow-through shares issued, each warrant entitling the holder to purchase one common share of the company at a price of 46 cents per share for a period of 18 months. Proceeds from sale of the shares will be used by the company for exploration expenditures on the company\'s Canadian exploration projects, including the Larder Lake and Hope Bay properties.
Somit hat MXV jetzt kanpp 10,0 Mio. CAD in der Kasse. Der aktuelle Börsenwert (62 Mio shares x 0,25 = rd. 15,5 Mio) zu über 40% durch cash gedeckt