June 7, 2022
Vancouver, British Columbia — March 28, 2022 – MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) (“Max”) is pleased to announce the closing of a private placement of 29,650,000 units at a price of $0.26 per unit for aggregate gross proceeds of $7,709,000 (the “Offering”). Each unit is comprised of one common share and one-half of one transferable common share purchase warrant, each whole warrant exercisable for two years at a price of $0.36.
In addition, the Company has paid finder’s fees totaling $176,463 and issued an aggregate 678,704 finder’s warrants to arm’s-length parties, with each finder’s warrant entitling the holder to purchase one common share for a period of two years at a price of $0.36.
The proceeds from the Offering will be used towards exploration on the Company’s mineral properties and general working capital. All securities issued under the Offering are subject to a statutory hold period of 4 months and 1 day from closing.