Max Resource arranges $3-million private placement

Executive Summary

• Max Resource Corp. announced a non‑brokered private placement of up to 30 million units at $0.10 per unit, targeting gross proceeds of up to $3 million.
• Each unit consists of one common share and one‑half of a transferable warrant; the warrant allows purchase of an additional share for two years at $0.175 per share.
• 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 million units (each = 1 common share + ½ warrant).
• Price per Unit: $0.10 → Gross proceeds up to $3 million.
• Warrant Terms: One‑half warrant per unit; each full warrant gives the holder the right to buy one additional common share at $0.175 per share, exercisable for two years from issuance.
• Use of Proceeds: Primarily mineral exploration on the Mora gold‑silver project; remainder for general working capital.
• Regulatory Conditions: Subject to TSX Venture Exchange approval; securities subject to a four‑month‑and‑one‑day hold period.
• Finders’ Fees: May be payable in connection with the offering, consistent with TSX Venture Exchange policies.

Notable Quotes

(No executive quotes were provided in the release.)