Max Resource Announces Private Placement

Executive Summary

• Max Resource Corp. announced a non‑brokered private placement of up to 30 million units at CAD $0.10 per unit, targeting gross proceeds of up to CAD $3 million.
• Each unit consists of one common share and one‑half of a transferable warrant; the warrant allows purchase of an additional share at CAD $0.175 for two years.
• Proceeds will be used to fund mineral exploration on the newly acquired Mora Gold‑Silver Project in Colombia and for general working capital.

Key Details

• Offering Size: Up to 30,000,000 units (CAD $3,000,000 total gross proceeds).
• Unit Composition: 1 common share + ½ transferable warrant per unit.
• Warrant Terms: Right to purchase one additional common share at CAD $0.175 per share; exercisable for two years from issuance.
• Price Per Unit: CAD $0.10.
• Use of Proceeds: Primarily for exploration on the Mora Gold‑Silver Project (recently acquired) and general working capital.
• Regulatory Conditions: Subject to TSX Venture Exchange approval; securities carry a four‑month‑and‑one‑day hold period.
• Finder’s Fees: May be payable in connection with the offering, consistent with TSX Venture Exchange policies.

Notable Quotes

(No direct quotes were provided in the release.)