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MAX closes Private Placement for $321,975
MAX Resource Corp. (TSX.V: MXR; OTC Pink: MXROF; Frankfurt: M1D
) is pleased to announce that it has closed its previously announced non-brokered private placement of 4,293,000 units at a price of $0.075 per unit for gross proceeds of $321,975. Each unit consists of one common share and one warrant, with each warrant entitling the holder to purchase an additional common share at an exercise price of $0.20 per share until March 31, 2019. The shares, warrants and any shares acquired on the exercise of warrants will be subject to a hold period expiring on August 1, 2017. Finder's fees in cash of $3,963.75 were paid with respect to a portion of this placement.About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company focused on gold, silver and copper exploration in Nevada. For more information, please visit our web site at www.maxresource.com
On behalf of the Board of Directors ofMAX Resource Corp.
Contacts: Leonard MacMillan, Corporate Communicationinfo@maxresource.com
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