- MAX Power Mining Corp. (MAXX) has announced a non-brokered private placement for gross proceeds of up to $1,500,000
- The company will issue up to 3,000,000 units for $0.50 per unit
- Proceeds will be used for general working capital purposes
- MAX Power is an exploration-stage resource company
- Max Power Mining Corp. (MAXX) opened trading at C$0.58
MAX Power Mining Corp. (MAXX) has announced a non-brokered private placement for gross proceeds of up to $1,500,000.
The company will issue up to 3,000,000 units for $0.50 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of 18 months following the closing of the offering.
The warrants are subject to an acceleration clause.
Proceeds will be used for general working capital purposes.
MAX Power is an exploration-stage resource company engaged in the acquisition and exploration of high-grade projects. Its current focus is the Nicobat Project in Northwest Ontario’s Rainy River district that hosts New Gold’s Rainy River gold mine.
Max Power Mining Corp. (MAXX) opened trading at C$0.58.