MAX Arranges $300,000 Private Placement
February 12 2014 - 2:58PM
Marketwired
MAX Arranges $300,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 12, 2014) - 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.
MAX Resource Corp.Leonard MacMillanCorporate
Communication604-637-2140 or Toll Free:
1-866-331-5088info@maxresource.comwww.maxresource.comParadox Public
Relations514-341-0408 or Toll Free:
1-866-460-0408info@paradox-pr.ca
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