|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.
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