Maxus Mining arranges $2.49-million financing

Executive Summary

• Maxus Mining Inc. has arranged a non-brokered private placement for gross proceeds of up to $2,499,999.70.
• The company is issuing up to 2,272,727 flow-through (FT) shares at a price of $1.10 per share.
• Proceeds will be used for eligible Canadian exploration expenses on the company's project portfolio, with qualifying expenditures renounced to subscribers effective Dec. 31, 2025.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through shares.
• Gross Proceeds: Up to $2,499,999.70.
• Share Quantity: Up to 2,272,727 FT shares.
• Price Per Share: $1.10.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures under the Income Tax Act (Canada).
• Renunciation Date: All qualifying expenditures will be renounced in favour of subscribers effective Dec. 31, 2025.
• Exemptions: Offered via accredited investor and minimum amount investment exemptions under National Instrument 45-106 in all Canadian provinces.
• Hold Period: Statutory hold period in Canada ending four months plus one day following the closing date.
• Conditions: Subject to necessary approvals, including the Canadian Securities Exchange.
• Finder’s Fees: The company may pay finders' fees to third parties sourced by finders.

Notable Quotes

• None provided in the text.