MAX Resource Raises $1.1 Million Through Exercised Warrants
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2019) - MAX RESOURCE CORP. (TSXV: MXR) (OTC: MXROF) (FSE: M1D1) is pleased to announce that, since January 30, 2019, the Company has received proceeds of $1,134,775 as a result of the exercise of 6,078,700 previously issued common share purchase warrants. As of the date of this news release, the Company now has 59,673,064 common shares issued and outstanding.
The warrants were issued in connection with private placements and had exercise prices between $0.075 and $0.25 per share The Company intends to use the proceeds of the warrant exercise for mineral exploration and general working capital purposes.
About MAX Resource Corp.
MAX Resource Corp.'s focus is to explore and consolidate gold and platinum group mineral assets in the richly endowed Choco mineral district of Colombia.
ON BEHALF OF THE BOARD OF MAX RESOURCE CORP.
Brett Matich, CEO and President
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Brett Matich, CEO and President Tel: (+1) 604 365-1522
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 statements that may be deemed as "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical facts, are forward-looking statements, including, without limitation, statements pertaining to completion of the Transaction and any approvals required in connection with the Acquisition. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: changes in market conditions, unsuccessful exploration results, changes in the price of commodities (particularly copper), unanticipated changes in key management personnel and general social, economic or geo-political conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be from time to time by the Company or on its behalf, except in accordance with applicable securities laws. We seek safe harbor.