Vancouver, British Columbia, March 25, 2022 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX) (“Max power” or “society“) Non-mediated private placement (“Recruitment”) Total revenue of up to $ 1,500,000 from the sale of the company’s units (each“unit”) At a price of $ 0.40 per unit.
CEO Rav Mlait said: This private placement will further strengthen the balance sheet and provide shareholders with maximum potential leverage. “
Private placement conditions
Each unit consists of one share of the Company’s common stock (each “”Unit share“) And half of one common stock purchase warrant (whole each warrant,”warrant“). Each warrant gives its holder the right to purchase one share of the company’s common stock (each, “”Warrant share”) At a price of $ 0.60 for 12 months from the end of the offering.
The warrant has an acceleration clause that the CSE common stock has a daily volume-weighted average closing price of at least $ 1.00 per share at any time after the statutory four-month and one-day holding period from the closing price. included. Share for the period of 10 consecutive trading days (“Trigger eventWe can accelerate the expiration of the warrant by notifying the warrant holders by news release within 5 days of the trigger event. In that case, the warrant will expire on the first day. This is 30 calendar days after the issuer announces the trigger event.
Units are issued on a private placement basis, subject to applicable exemptions from the requirements of the prospectus under the applicable securities law. Common stock and warrants (and, if applicable, common stock issued in accordance with the warrants) are subject to a statutory holding period of four months and one day from the date of issue of the unit. Finder’s fees to third parties are permitted by the policies of the Canadian Stock Exchange and may be paid in certain circumstances as part of the offering in accordance with applicable securities law. The proceeds from the offering will be used for mineral exploration and working capital purposes.
This press release does not constitute an offer to sell or buy an offer of securities in the United States, nor does it constitute a sale of securities in a jurisdiction where such offer, solicitation, or sale is illegal. The security was not registered under the Securities Act of 1933 and will not be registered in the future.Securities Act 1933”), Or may not be offered or sold in the United States unless it is registered under the Securities Act of 1933 and an applicable exemption from the applicable securities law or registration requirements of the United States is available. ..
About MAX power
MAX Power is a dynamic exploration-stage resource company currently engaged in identifying, acquiring, and exploring high-definition projects in mining-friendly jurisdictions. The current focus is on the Nikobat project in the Rainy River district of northwestern Ontario, which hosts the Rainy River Gold Mine in New Gold.
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This press release contains forward-looking statements within the meaning of applicable securities law. “Expect”, “Plan”, “Continue”, “Expect”, “Estimate”, “Objective”, “May”, “Do”, “Plan”, “Should” , “Predictive”, “potential” and similar expressions are intended to identify forward-looking statements. In particular, this press release contains, but is not limited to, forward-looking statements regarding statements related to offerings, including but not limited to timing and termination of offerings. We believe that the expectations and assumptions underlying our forward-looking statements are reasonable, but we cannot provide any guarantee that they are correct and therefore overstated our forward-looking statements. You shouldn’t put your trust in it. Forward-looking statements correspond to future events and circumstances and therefore carry inherent assumptions, risks, and uncertainties. Actual results may differ materially from those currently expected due to many assumptions, factors, and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approval, as well as risks associated with financial market conditions or future metal prices.
Management has provided the above summary of risks and assumptions associated with forward-looking statements in this press release to provide readers with a more comprehensive view of our future business. Our actual performance, performance or performance may differ materially from those expressed or implied in these forward-looking statements, and therefore any events expected in these forward-looking statements may occur. There is no guarantee that it will occur. , Or if any of them do so, what benefits does the company benefit from them? These forward-looking statements were made as of the date of this press release and, unless required by applicable securities law, we may or may not be the result of new information. , Disclaims any intention or obligation to publicly update any forward-looking statement. , Future events or results or others.
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MAX Power Arranges $ 1.5 Million Non-Mediated Private Placement, Canadian Business Journal
Source link MAX Power Arranges $ 1.5 Million Non-Mediated Private Placement, Canadian Business Journal