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Last C$0.10 CAD
Change Today -0.01 / -9.09%
Volume 55.4K
MXM On Other Exchanges
As of 12:59 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

maxim resources inc (MXM) Snapshot

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52 Week High
11/19/14 - C$0.23
52 Week Low
04/6/15 - C$0.07
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maxim resources inc (MXM) Details

Maxim Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties in Canada, Europe, and Morocco. The company is headquartered in Vancouver, Canada.

maxim resources inc (MXM) Top Compensated Officers

Chief Financial Officer and Director
Total Annual Compensation: C$14.0K
Compensation as of Fiscal Year 2014.

maxim resources inc (MXM) Key Developments

Maxim Resources Inc. to Appoint Ian Baron to its Board of Directors

Maxim Resources Inc. announced that it has entered into a non-binding Heads of Agreement (HOA) dated effective March 20, 2015 with Quest Investments LLC and its wholly owned subsidiary Quest Oil & Gas Ventures Inc. Upon completion of the transactions contemplated in the HOA, Quest will become a significant shareholder of the Company, and Maxim will acquire up to a 25% indirect equity ownership interest in an oil and gas exploration and production concession covering an onshore area of 747km(2) within the Emirate of Umm Al-Quwain, in the United Arab Emirates. Pursuant to the HOA, upon signing of definitive agreements, Mr. Ian Baron, a director of UAQ PL and stakeholder in Quest, will be appointed to the board of directors of Maxim. Ian Baron - Mr. Baron has almost 40 years' experience in the upstream oil and gas business, most of it living and working in the Middle East region. His expertise covers exploration, field development and infrastructure projects. In 2002 he established ESG Dubai. He has been a non-executive director of several private and public energy companies. He was CEO of Cadogan Petroleum plc and before this was CEO of Dragon Oil plc.

Maxim Resources Inc. Announces Changes in Management Team

Maxim Resources Inc. announced the appointment of Mr. Cyrus Driver to the board of directors of the company as a director, filling the vacancy on the Board created by the resignation of Mr. Neil Dinsdale who has resigned from the Board effective January 15, 2015. Maxim is also announced the appointment of Mr. Andrew Male as President and Chief Executive Officer of the Company, replacing Mr. Arthur Brown who has resigned from the position as President and CEO of the company effective January 15, 2015. Mr. Male will continue to serve of the Board and Mr. Brown will retain his role as Chairman of the Board. Mr. Driver has served as the company’s Chief Financial Officer for the past 10 years. His involvement with Maxim has been instrumental in governing and guiding the company. Mr. Driver is a chartered accountant with over 30 years of public market and accounting experience and was a founding partner in the firm of Driver Anderson upon its inception in 1981. He has been a partner in the firm of Davidson and Company LLP after merging with Driver Anderson in 2002. Mr. Driver specializes in servicing TSX and TSX Venture Exchange listed companies and members of the brokerage community. His wide knowledge of the securities industry and its rules have enabled him to give valuable advice to clients within the industry with respect to finance, taxation and other accounting related matters. Mr. Driver currently serves as a director and/or executive of several publicly listed companies. Mr. Andrew Male has served as a director of Maxim since January 2011. Mr. Male has served as a director or officer of a number of TSXV-listed companies and recently also served as the president, CEO and director of a TSXV mining issuer. During his tenure, Mr. Male pivoted this company to a new mineral focus, completed a mining claim acquisition package, raised $6.0-million in private placements, commenced mining operations, secured a multimillion-dollar joint venture partner and the acquisition of adjacent producing mines. This company was also listed as a TSXV top-50 issuer. Mr. Male has also acted as an acquisition adviser to European-listed issuers, as well as providing finance and management consulting services for numerous other listed and private issuers.

Maxim Resources Inc. Approves the Appointment of Mackay LLP as Auditor

Maxim Resources Inc. announced that at its AGM held on October 31, 2014, the shareholders approved the appointment of MacKay LLP as auditor.


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