- Max Resource Corp. (MAX) has closed a private placement for gross proceeds of $15,300,000
- The company issued 25,500,000 units at a price of $0.60 per unit
- The proceeds will be used for drilling and exploration of the Cesar Project in Colombia and general working capital
- Max Resource is a copper and precious metals exploration company focused on projects in Colombia and Peru
- MAX Resource Corp. (MAX) opened trading at C$0.56 per share
Max Resource Corp. (MAX) has closed a private placement for gross proceeds of $15,300,000.
The company issued 25,500,000 units at a price of $0.60 per unit. Each unit is comprised of one common share and one transferable common share purchase warrant, each warrant exercisable at a price of $0.85 for one year.
Max Resource has paid finder’s fees totalling $115,380 and issued 192,300 finder’s warrants to arm’s-length parties.
The proceeds will be used for drilling and exploration of the Cesar Project in Colombia and general working capital. All securities issued under the Offering are subject to a statutory hold period of 4 months.
Max Resource is a copper and precious metals exploration company focused on projects in Colombia and Peru.
MAX Resource Corp. (MAX) opened trading at C$0.56 per share.