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MXV Maximus Ventures Ltd Com Npv

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Share Name Share Symbol Market Type
Maximus Ventures Ltd Com Npv TSXV:MXV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Maximus and NFX Shareholders Vote in Favour of Business Combination

11/09/2008 7:33pm

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Maximus Ventures Ltd Com Npv (TSXV:MXV)
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Maximus Ventures Ltd. ("Maximus") (TSX VENTURE: MXV) and NFX Gold Inc. ("NFX") (TSX VENTURE: NFX) are pleased to announce that shareholders of Maximus and NFX at their respective meetings held on September 11, 2008 in Toronto approved the resolutions necessary to allow the two companies to proceed with their planned business combination by way of statutory plan of arrangement, announced in their June 13, 2008 news release.

The special resolution approving the plan of arrangement ("Arrangement") was passed by 99.99 % of the 26,044,565 million votes cast at the Maximus meeting. The various resolutions related to the Arrangement presented to the NFX shareholders were passed by 99.95 % of the 9,370,000 million votes cast at the NFX meeting.

The completion of the transaction remains subject to court approval. A hearing before the Supreme Court of British Columbia at which Maximus will seek final court approval of the Arrangement has been scheduled for September 15, 2008. If court approval is obtained, Maximus and NFX anticipate that the transaction will close on or about September 16, 2008.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contacts: Maximus Ventures Ltd. Francois Viens President and CEO 450-677-1009 450-677-2601 (FAX) www.maximusventures.com Maximus Ventures Ltd. Gerri Paxton/Louise Quinn Investor Relations 450-677-2054/677-3523 gpaxton@maximusventures.com lquinn@maximusventures.com NFX Gold Inc. Thomas G. Larsen President and CEO 416-360-8006 416-361-1333 (FAX) Toll Free: 800-360-8006 www.nfxgold.com

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