July 11 (Reuters) - GrowMax Resources Corp GRO.V :
* GROWMAX MAILS CIRCULAR SEEKING SHAREHOLDER APPROVAL OF CHANGE OF BUSINESS AND RETURN OF CAPITAL TO SHAREHOLDERS
* GROWMAX RESOURCES CORP - COMPANY DETERMINED TO REFOCUS ITS BUSINESS OPERATIONS FROM A "MINING ISSUER" TO AN "INVESTMENT ISSUER".
* GROWMAX RESOURCES - IN CONNECTION WITH PROPOSED COB, INTENDS TO ADOPT INVESTMENT POLICY TO GOVERN ITS INVESTMENT ACTIVITIES AND INVESTMENT STRATEGY
* GROWMAX RESOURCES - IN CONNECTION WITH PROPOSED COB, BOARD DETERMINED THAT CO HAS EXCESS CAPITAL TO WHAT IS REQUIRED TO EFFECT CURRENT PLANS FOR CO
* GROWMAX RESOURCES - BOARD IS OF VIEW THAT IT WOULD BE APPROPRIATE TO CONTINUE CO AS A BRITISH COLUMBIA CO FOR CORPORATE AND ADMINISTRATIVE REASONS
* GROWMAX RESOURCES - BOARD PROPOSES DISTRIBUTING EXCESS CAPITAL IN CASH TO SHAREHOLDERS AT $0.03 DISTRIBUTED FOR EACH SHARE HELD, TO AGGREGATE OF $6.4 MILLION