MAX RESOURCE CORP. ("MXR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 31, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 12, 2014:
Number of Shares: 6,320,000 shares
Purchase Price: $0.05 per share
Warrants: 6,320,000 share purchase warrants to purchase 6,320,000 shares
Warrant Exercise Price: $0.12 for a two year period, subject to an acceleration clause
Number of Placees: 36 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 480,000
[3 placees]
Finders' Fees: IPC Securities Corp. - $1,400 cash and 28,000 warrants payable.
Raymond James Ltd. - $5,250 cash and 105,000 warrants payable.
- Each warrant is exercisable into one common share at $0.12 for two years from closing.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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