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Max Resource raised CAD $3.4M to advance gold, silver, and iron projects in Colombia and Brazil, with warrants and a hold period.
Max Resource Corp. raised CAD $3.4 million in an oversubscribed non-brokered private placement, issuing 34 million units at CAD $0.10 each, with proceeds funding exploration at its Mora Gold-Silver Project in Colombia and other initiatives, including the Sierra Azul Copper-Silver Project and Florália Hematite DSO Project in Brazil, where geological targets have expanded to 50–70 million tonnes of iron-rich material.
The offering included warrants exercisable at CAD $0.175 per share within two years, and all securities are subject to a four-month-and-one-day hold period.
The company emphasized that the iron target remains conceptual and not yet a defined resource.
The transaction is subject to final TSX Venture Exchange approval.
Max Resource recaudó CAD $3.4M para adelantar proyectos de oro, plata y hierro en Colombia y Brasil, con órdenes de compra y un período de espera.