Max Resource’s Max Brazil arranges $3M (Aust.) offering

2024-12-12

Mr. Brett Matich reports

MAX RESOURCE ANNOUNCES PROPOSED PRIVATE PLACEMENT IN AUSTRALIAN
SUBSIDIARY

Max Iron Brazil Ltd., currently a wholly owned subsidiary of Max Resource
Corp., intends to complete a non-brokered private placement of up to 30 million ordinary shares in the capital of Max Brazil at a price of 10 Australian cents per ordinary share for aggregate gross proceeds of up to $3-million (Australian).

The net proceeds of the offering will be used for the advancement of the Floralia DSO hematite project located 70 kilometres east of Belo Horizonte, Minas Gerais, Brazil, and for general working capital purposes. Finders’ fees may be payable in connection with the completion of the offering in accordance with TSX Venture Exchange policies.

Closing of each of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including that of the TSX-V.