|By Marketwired .||
|May 15, 2014 09:15 AM EDT||
VANCOUVER , BRITISH COLUMBIA -- (Marketwired) -- 05/15/14 -- First Sahara Energy Inc. ("Company") (CSE: FSE) announces that the Company has entered into a Heads of Agreement with Maxim Resources Inc., whereby Maxim will acquire the Company's interest in the Reconnaissance Contract on the Beni Znassen Block in the Kingdom of Morocco.
Maxim will acquire a 100% interest in the Beni Znassen property and upon completion of the re-registration to Maxim of the Reconnaissance Contract, First Sahara will receive a total of 2,000,000 common shares of Maxim Resources Inc.
Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements unless required by law. Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.
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