Maxim Resources Inc. Signs Offer to Purchase With Alberta Oilsands Inc.

Maxim Resources Inc. (TSXV:MXM) announced that it has signed an Offer to Purchase with Alberta Oilsands Inc. (AOS), for the acquisition of properties in Leduc-Woodbend, Alberta.

The press release is quoted as saying:

The Offer to Purchase calls for the due diligence and review of assets, as well as the financing and closing of the purchase to be completed by September 15, 2010. The property consists of 2,068 Hectares and has 9 producing wells with 45 to 50 barrels of oil per day of production. There are a further 12 suspended wells that require review and analysis to ascertain if they can be brought back into production. This will be done in concert with the due diligence process.

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