MAX Resource Completes $17.7 Million Private Placement Including $1.5 Million On A Brokered Basis

June 07, 2022

Max Resource Corp. (TSX-V: MAX) (“MAX” or the “Company”) has completed a best efforts brokered private placement offering of 2,500,000 units for aggregate gross proceeds of $1,500,000. The offering was led by Cormark Securities Inc. as lead agent. In addition, MAX completed a concurrent non-brokered private placement offering for 1,500,000 units for aggregate gross proceeds of $900,000, bringing the total aggregate gross proceeds to $17,700,000, including the Company’s non-brokered private placement which closed on May 19, 2022.

MAX is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project located along the Andean belt in Colombia. In addition, MAX controls the RT Gold project in Peru, encompassing a bulk tonnage primary gold porphyry zone, and a gold bearing massive sulphide zone.

Wildeboer Dellelce LLP acted for Cormark with a team that consisted of Charlie Malone, Joel Fraser, Kassidy Doherty and Kyra Flomen (Corporate/Securities).