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MAX closes final tranche of Private Placement for $$67,750
MAX Resource Corp. (TSX.V: MXR; OTC Pink: MXROF; Frankfurt: M1D)
has closed the final tranche of its non-brokered private placement announced September 18, 2015 with the issuance of 1,315,000 units at $0.05 per unit for gross proceeds of $65,750. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at an exercise price of $0.10 per share until October 14, 2017. The shares, warrants and any shares acquired on the exercise of warrants will be subject to a hold period expiring on February 15, 2016. The closing of this final tranche brings the total raised in this private placement to $259,750, with no finders' fees having been paid with respect to this financing.
At the Annual General Meeting of the Company held on August 14, 2015 in Vancouver, the shareholders approved reducing the number of directors to three from five and re-elected Stuart Rogers, Paul John and Clancy Wendt as directors. Following the meeting, Stuart Rogers was re-appointed as President, with Mark Gelmon continuing to serve as Chief Financial Officer.
On behalf of the Board of Directors ofMAX Resource Corp.
PresidentContacts: Leonard MacMillan, Corporate Communication
Neither the 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 release.
This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.Back to Past News