SOURCE: Maxam Inc.

February 20, 2015 14:09 ET

Maxam Gold Appoints New Management Team; Adopts New Business Strategy

LOS ANGELES, CA--(Marketwired - Feb 20, 2015) - Maxam Gold Corporation (OTC PINK: MXAM) today announced the appointment of a new management team and a change in the Company's business strategy.

The board of directors of Maxam Gold Corporation has appointed a new executive team to lead the Company. Mr. Charles Hays has been appointed chief executive officer and Mr. Michael Manahan has been appointed president and chief operating officer. Along with the change in management, the Company is adopting a business strategy of identifying, and investing in, high yield and/or high growth business opportunities. Investment targets may include start-up and early stage companies in high-growth, high-opportunity sectors, bankrupt and foreclosed assets, bridge loans to public or soon to be public companies, "hard money" real estate loans, and other one-off and/or unique investment opportunities.

Mr. Hays, chief executive officer, stated, "I am very excited to have been appointed to a management position at Maxam. I believe there is significant opportunity for a small publicly traded company to seek out and capitalize on opportunistic investment opportunities that are overlooked by more traditional investors and lenders. Through my network of contacts across the country, on a daily basis I see overlooked opportunities, that don't fit the investing and lending parameters of many traditional funding sources. By moving quickly and being creative with our deal structures, I'm convinced we can take advantage of this untapped market."

Mr. Hays continued, "Mr. Manahan and I make the perfect team. With my background in lending, troubled assets and creative deal making, and Mr. Manahan's background in corporate finance, accounting and financial analysis, we can move rapidly to evaluate and vet opportunities presented to us. Mr. Manahan also has prior experience serving as chief financial officer for a number of publicly traded and private companies."

To better reflect this new strategy, the board has approved changing the Company's name to Maxam Inc. The board has also authorized the new management team to raise capital to fund its new strategy. Charles Landgrill, former president, will remain as a director and chairman of the board. The Company is currently building a new website that will contain additional information on the business, its new management team, its strategy and its funding initiatives. Businesses that fit into Maxam's investment strategy are encouraged to contact Mr. Hays or Mr. Manahan.

Contact Information