Max Resource Closes Over-Subscribed Private Placement

Executive Summary

• Max Resource Corp. closed an oversubscribed non‑brokered private placement raising CAD 3,400,000.
• The offering consisted of 34,000,000 units at CAD 0.10 per unit, each unit containing one common share and half a warrant (full warrant exercisable at CAD 0.175 for two years).
• Proceeds are earmarked for mineral exploration on the newly acquired Mora Gold‑Silver Project and general working capital.

Key Details

• Units Issued: 34,000,000 units @ CAD 0.10 per unit (total gross proceeds CAD 3,400,000).
• Unit Composition: 1 common share + ½ transferable warrant; each full warrant allows purchase of one additional common share at CAD 0.175 for two years.
• Finder’s Fees Paid: CAD 121,170.
• Broker Warrants Issued: 360,000 common shares and 1,751,700 non‑transferable broker warrants (each broker warrant confers the right to acquire one additional common share at CAD 0.175 for two years).
• Use of Proceeds: Primarily for mineral exploration on the Mora Gold‑Silver Project; remainder for general working capital.
• Regulatory Conditions: Subject to final TSX Venture Exchange approval; securities subject to a four‑month‑and‑one‑day hold period.

Notable Quotes

(No direct quotes were provided in the release.)