Max Resource Announces TSX Venture Exchange Conditionally Approved Private Placement in Australian Subsidiary
Max Resource Corp (TSXV: MAX, OTC: MXROF) has received conditional approval from the TSX Venture Exchange for a non-brokered private placement in its subsidiary, Max Iron Brazil The placement involves up to 30,000,000 ordinary shares at AUD $0.10 per share, aiming to raise up to AUD $3,000,000.
The proceeds will fund the advancement of the Florália DSO Hematite Project located 67-km east of Belo Horizonte, Minas Gerais, Brazil, and general working capital. No finder's fees are associated with the offering.
Max Brazil has initiated its inaugural drill programs at the Florália project, comprising approximately 1,500 metres of diamond drilling and 1,000 metres of mobile power auger drilling.
Max Resource Corp (TSXV: MAX, OTC: MXROF) ha ricevuto l'approvazione condizionata dalla TSX Venture Exchange per un collocamento privato non mediato nella sua sussidiaria, Max Iron Brazil. Il collocamento prevede fino a 30.000.000 di azioni ordinarie a AUD $0,10 per azione, con l'obiettivo di raccogliere fino a AUD $3.000.000.
I proventi serviranno a finanziare l'avanzamento del Progetto Hematite DSO di Florália, situato a 67 km a est di Belo Horizonte, Minas Gerais, Brasile, e il capitale circolante generale. Non sono previste commissioni per i mediatori associati all'offerta.
Max Brazil ha avviato i suoi programmi di perforazione inaugurali presso il progetto Florália, che comprendono circa 1.500 metri di perforazione a diamante e 1.000 metri di perforazione con auger a energia mobile.
Max Resource Corp (TSXV: MAX, OTC: MXROF) ha recibido la aprobación condicional de la TSX Venture Exchange para una colocación privada no mediada en su filial, Max Iron Brazil. La colocación implica hasta 30,000,000 de acciones ordinarias a AUD $0.10 por acción, con el objetivo de recaudar hasta AUD $3,000,000.
Los fondos se destinarán a financiar el avance del Proyecto Hematite DSO de Florália, ubicado a 67 km al este de Belo Horizonte, Minas Gerais, Brasil, así como al capital de trabajo general. No se asocian comisiones de intermediarios con la oferta.
Max Brazil ha iniciado sus programas de perforación inaugural en el proyecto Florália, que comprenden aproximadamente 1,500 metros de perforación con diamante y 1,000 metros de perforación con auger de energía móvil.
맥스 리소스 주식회사 (TSXV: MAX, OTC: MXROF)는 자회사인 Max Iron Brazil에 대한 비중개 민간 배치에 대해 TSX 벤처 거래소로부터 조건부 승인을 받았습니다. 이번 배치는 주당 AUD $0.10의 가격으로 최대 30,000,000주를 발행하며, 최대 AUD $3,000,000를 모금하는 것을 목표로 하고 있습니다.
모금된 자금은 브라질 미나스제라이스주 벨루 오리존치에서 동쪽으로 67km 떨어진 플로랄리아 DSO 헤마타이트 프로젝트의 진행 및 일반 운영 자본에 사용될 것입니다. 이번 제안과 관련하여 중개 수수료는 없습니다.
맥스 브라질은 플로랄리아 프로젝트에서 약 1,500 미터의 다이아몬드 드릴링과 1,000 미터의 모바일 파워 오거 드릴링을 포함하는 첫 번째 드릴 프로그램을 시작했습니다.
Max Resource Corp (TSXV: MAX, OTC: MXROF) a reçu l'approbation conditionnelle de la TSX Venture Exchange pour un placement privé non intermédié dans sa filiale, Max Iron Brazil. Le placement concerne jusqu'à 30 000 000 d'actions ordinaires à AUD 0,10 par action, visant à lever jusqu'à AUD 3 000 000.
Les produits serviront à financer l'avancement du Projet Hematite DSO de Florália situé à 67 km à l'est de Belo Horizonte, Minas Gerais, Brésil, ainsi que le fonds de roulement général. Il n'y a pas de frais de courtage associés à l'offre.
Max Brazil a lancé ses premiers programmes de perçage au projet Florália, comprenant environ 1 500 mètres de forage diamant et 1 000 mètres de forage avec perceuse à énergie mobile.
Max Resource Corp (TSXV: MAX, OTC: MXROF) hat die bedingte Genehmigung der TSX Venture Exchange für eine nicht vermittelte Privatplatzierung in ihrer Tochtergesellschaft, Max Iron Brazil, erhalten. Die Platzierung umfasst bis zu 30.000.000 Stammaktien zu je AUD 0,10 pro Aktie, mit dem Ziel, bis zu AUD 3.000.000 einzuwerben.
Die Erlöse werden zur Finanzierung des Fortschritts des Florália DSO Hämatitprojekts verwendet, das 67 km östlich von Belo Horizonte, Minas Gerais, Brasilien, gelegen ist, sowie für das allgemeine Betriebsvermögen. Es fallen keine Vermittlungsgebühren im Zusammenhang mit dem Angebot an.
Max Brazil hat seine ersten Bohrprogramme im Florália-Projekt gestartet, die aus etwa 1.500 Metern Diamantbohrungen und 1.000 Metern mobiler Power-Auger-Bohrungen bestehen.
- Secured conditional TSXV approval for AUD $3M private placement
- Commenced drilling programs at Florália project with 2,500m total planned drilling
- No finder's fees required for the offering, reducing transaction costs
- Potential dilution for existing shareholders through 30M new shares issuance
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce that, further to its news release on December 12, 2024, Max Iron Brazil Ltd. ("Max Brazil"), subsidiary of the Company, the TSX Venture Exchange ("TSXV") has conditionally approved the non-brokered private placement of up to 30,000,000 ordinary shares in the capital of Max Brazil (the "Ordinary Shares") at a price of AUD
The net proceeds of the Offering will be used for the advancement of the Florália DSO Hematite Project located 67-km east of Belo Horizonte, Minas Gerais, Brazil, and for general working capital purposes. There are no finder's fees paid in connection with the completion of the Offering.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such an offer, solicitation or sale would be unlawful.
In addition, Max Brazil has now commenced inaugural drill programs at its Florália DSO Hematite Project, consisting of approximately 1,500 metres of diamond drilling and 1,000 metres conducted by a mobile power auger rig.
About Max Resource Corp.
The Company's wholly owned Sierra Azul Project sits along the Colombian portion of the world's largest producing copper belt (Andean belt), with world-class infrastructure and the presence of global majors (Glencore and Chevron). Max has an Earn-In Agreement ("EIA") with Freeport-McMoRan Exploration Corporation ("Freeport"), a wholly owned affiliate of Freeport-McMoRan Inc. ("NYSE: FCX") relating to the Sierra Azul Project. Under the terms of the EIA, Freeport has been granted a two-stage option to acquire up to an
The Company's Florália DSO Hematite Project is located 67-km east of Belo Horizonte, Minas Gerais, Brazil's largest iron ore producing State. Max's technical team has significantly expanded the Florália hematite geological target from 8-12mt at
Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource, and Max is uncertain if further exploration will result in the target being delineated as a mineral resource.
Hematite mineralization tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic anomalies. Density value used for the estimate is 2.8t/m³. Hematite sample grades range between 55
For more information visit: https://www.maxresource.com and https://maxironbrazil.com/.
For additional information contact:
Tim McNulty E: info@maxresource.com T: (604) 290-8100
Rahim Lakha E. rahim@bluesailcapital.com
Brett Matich T: (604) 484 1230
Neither 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 statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include the anticipated use of proceeds of the Offering. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235776
FAQ
How much is Max Resource (MXROF) raising in its Australian subsidiary private placement?
What is the planned use of proceeds for MXROF's AUD $3M private placement?
What drilling program has MXROF initiated at the Florália project?
Where is MXROF's Florália DSO Hematite Project located?
