April 12, 2002 – Escrow Agreement
St. Thomas, Ontario
April 12, 2002 – Maxill Inc. (“ Maxill “) (CDNX: MIL) announced today that it is entering into an Escrow Agreement with regard to 7,231,964 shares. These were previously held under a performance based escrow pursuant to the policies of The Alberta Stock Exchange (as it then was). Under the policies of the Canadian Venture Exchange Inc. (“ CDNX “), and pursuant to Canadian Securities Administrator Notice 46-302, Maxill has entered into a new time release Escrow Agreement with regard to these shares. Under the terms of the time release Escrow Agreement, 10% of the shares are released immediately upon approval from CDNX, with 15% of the shares being released every 6 months thereafter, with the final release occurring 3 years from the initial release.
For further information please contact: Mr. John Shaw, President, at (519) 631-7370 or at email@example.com .
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.