By Sheri Kasprzak
New York, March 29 - Max Resource Corp. said it intends to raise C$1.05 million in a private placement of units.
The offering includes 1.4 million units of one share and one half-share warrant at C$0.75 each.
The whole warrants allow for the purchase of another share at C$1.00 each for two years.
Proceeds will be used for exploration on the company's North American properties.
Based in Vancouver, B.C., Max is a uranium, precious metals and base metals exploration company.
| Issuer: | Max Resource Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.05 million
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| Units: | 1.4 million
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| Price: | C$0.75
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.00
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| Placement agent: | Non-brokered
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| Pricing date: | March 29
|
| Stock symbol: | TSX Venture: MXR
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| Stock price: | C$0.77 at close March 29
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