MAX Arranges $300,000 Private Placement
February 12 2014 - 1:58PM
Marketwired Canada
MAX Resource Corp. (TSX VENTURE:MXR)(OTCBB:MXROF)(FRANKFURT:M1D) has agreed to a
non-brokered private placement of up to 6,000,000 units at a price of $0.05 per
unit for gross proceeds of $300,000. Each unit will be comprised of one common
share and one half of one warrant, with each full warrant entitling the holder
to purchase an additional common share at an exercise price of $0.12 per share
for a period of two years from the closing date of the private placement. If at
any time prior to the expiry date of the warrants, the closing price of the
common shares of MAX on the TSX Venture Exchange is equal to or greater than
$0.25 for 30 consecutive days, then MAX may elect to provide notice to the
warrant holders that the warrants will expire at 4:00 p.m. (PST) on the date
that is 30 days from the date of the notice, following which all unexercised
warrants will be null and void.
Finders fees may be payable on a portion of this placement, which is subject to
acceptance for filing by the TSX Venture Exchange.
The net proceeds from this private placement will be used to fund drilling
planned for this spring at the Company's Majuba Hill (silver/copper/gold) and
East Manhattan Wash (gold) projects in Nevada.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company focused on gold, silver and
copper exploration in Nevada. For more information, please visit our web site at
www.maxresource.com.
On behalf of the Board of Directors of MAX Resource Corp.
Stuart Rogers, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward looking statements". Without
limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are forward
looking statements that involve various degrees of risk. The following are
important factors that could cause MAX's actual results to differ materially
from those expressed or implied by such forward looking statements: changes in
the world wide price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development, construction
and mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital.
FOR FURTHER INFORMATION PLEASE CONTACT:
MAX Resource Corp.
Leonard MacMillan
Corporate Communication
604-637-2140 or Toll Free: 1-866-331-5088
info@maxresource.com
www.maxresource.com
Paradox Public Relations
514-341-0408 or Toll Free: 1-866-460-0408
info@paradox-pr.ca
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