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Maxus Mining Announces Private Placement
VANCOUVER, British Columbia, June 20, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), announces that it proposes to undertake a non-brokered private placement of up to 10,571,438 units (each, a “Unit”), at a purchase price of $0.35 per Unit, to raise total gross proceeds of up to $3,700,003.30 (the “Placement”). Each Unit will consist of one common share of the Company (each, a “Share”) and one transferable common share purchase warrant (each, a “War
About this update from Maxus Mining, Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, June 20, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), announces that it proposes to undertake a non-brokered private placement of up to 10,571,438 units (each, a “Unit”), at a purchase price of $0.35 per Unit, to raise total gross proceeds of up to $3,700,003.30 (the “Placement”).","length":359,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (each, a “Share”) and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Share at an exercise price of $0.46 for a period of 24 months from the closing date.","length":295,"tagName":"p"},{"type":"text","content":"The Company will use the proceeds from the Placement towards exploration on the Company’s properties and/or for general working capital purposes. The Units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. A portion of the Placement may be completed in accordance with the exemption set out in BC Instrument 45–536 Exemption from prospectus requirement for certain distributions through an investment dealer and the corresponding blanket orders and rules in the other Canadian jurisdictions that have adopted the same or a similar exemption from the prospectus requirement (collectively, the "Investment Dealer Exemption"). The Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person's or company's jurisdiction. As required by the Investment Dealer Exemption, the Company confirms that, as of the date of this press release, there is no "material fact" or "material change" (as those terms are defined under applicable securities laws) related to the Company which has not been generally disclosed.","length":1361,"tagName":"p"},{"type":"text","content":"The Company will pay finders' fees to eligible finders in connection with the Placement, subject to compliance with applicable securities laws and the policies of the Canadian Securi...