Business
Max Resource Announces Financing of up to $2,500,000
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2019) - MAX RESOURCE CORP. (TSXV: MXR...
About this update from Max Resource Corp
[{"type":"text","content":"Max Resource Announces Financing of up to $2,500,000Vancouver, British Columbia--(Newsfile Corp. - June 17, 2019) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D1) (\"Max\" or the \"Company\") announces that it has agreed to a non-brokered private placement of up to 25,000,000 units (the \"Units\") at a price of $0.10 per Unit (the \"Placement\") for gross proceeds of $2,500,000. Each Unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant (a \"Warrant\") will be exercisable by the holder to acquire one additional common share of the Company for a period of two years from issuance at an exercise price of $0.15 per share. The Company intends to use the net proceeds of the Offering to advance the Company's North Choco Gold-Copper and Choco Gold-Platinum projects and for general working capital purposes. Closing of this Placement is subject to acceptance for filing by the TSX Venture Exchange. All securities issued will be subject to hold period of four months and one day from the date of issuance. Finders' fees may be payable in accordance to TSX Venture Exchange policies.About Max Resource Corp.Max is a mineral exploration company focused on the development and expanding its landholdings in the rich Choco mineral belt of Colombia. The Company has established significant exploration infrastructure and local community support for the Choco Gold-Platinum project, located 100 km south of Medellin, which covers, or is adjacent to, historic production of 1.5 million ounces of gold and 1.0 million ounces of platinum. The North Choco Gold-Copper project lies adjacent to the Choco Gold-Platinum project. The Gachala copper project is located 60 km east of Bogota. The Company is led by a seasoned management team with a record of significant discovery and exploration success.For more information visit: https://www.maxresource.com/ For additional information contact:Max Resource Corp.Tim McNultyE: [email protected] T: (604) 290-8100 For Max Resource's French inquiries:Remy Scalabrini, Maricom Inc.E: [email protected]: (888) 585-MARINeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releaseExcept for statements of historic fact, th...