CDN Maverick Capital Corp C.CDN

Alternate Symbol(s): AXVEF

Metals & Mining Industrial Metals & Minerals

CDN Maverick Capital Corp. is a Canada-based diversified exploration company with a core focus on lithium. Its projects include Northwind Lake Lithium Property, Poncheville Lithium Prospects, Rainbow Canyon Gold Project and Nevasca Lithium Project. The Northwind Lake Property is a lithium pegmatite exploration project located in the Electric Avenue Lithium District, located approximately 10 kilometers (km) north-northwest of the PAK Lithium Project and covers over 7,040 hectares (ha). Poncheville Lithium Prospects span nearly 40,000 ha across the Poncheville and Chabinoche properties and are located approximately 65 kilometers (km) northeast of the mining town of Matagam. The Rainbow Canyon Gold Project is a precious metals exploration prospect located in the Olinghouse Mining District, about 40 km east of Reno in Washoe County, Nevada. The Nevasca Lithium Project is located in the Salar de Arizaro basin within Salta’s provincial boundaries in the Puna Region of northwest Argentina.

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CDN Maverick Capital Corp

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Post by cabzon Apr 07, 2023 12:34pm

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CDN MAVERICK ANNOUNCES CLOSING OF PRIVATE PLACEMENT

C.CDN | 20 hours ago

CSE: CDN
OTCQB: AXVEF
Frankfurt:338B

VANCOUVER, BC, April 6, 2023 /CNW/ - CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN) (OTCPINK: AXVEF) (Frankfurt: 338B) is pleased to announce that it has closed its non-brokered private placement (the "Financing") and has issued 2,170,000 units (each, a "Unit") at a price of $0.80 per Unit for gross proceeds of $1,736,000. Each Unit consists of one common share and one share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one common share at a price of $1.00 per share until April 5, 2025, subject to accelerated expiry, at the option of the Company, in the event the closing price of the common shares of the Company exceeds $1.50 for five (5) consecutive trading days.

The Company intends to use the proceeds from the Financing for drilling and other exploration activities and general working capital purposes. In connection with closing of the Financing, the Company paid a finders' fee of $6,600 to an arms-length brokerage firm who assisted in introducing subscribers to the Financing. All securities issued under the Financing are subject to restrictions on resale in accordance with applicable securities laws until August 6, 2023.

About CDN Maverick Capital Corp:

CDN Maverick is a Vancouver-based diversified natural resource investment and junior exploration company whose main focus is the development of critical mineral projects. The company owns a 100% interest in the Nevasca Lithium Project located in the Arizaro Salar in Salta, Argentina. Maverick also controls in excess of 1.6 Mio shares of Noram Lithium Corp. (TSX-V: NRM) which is developing the Zeus Lithium Deposit in Clayton Valley Nevada, adjacent to Albemarle's Silver Peak Lithium mine and production facility. CDN Maverick also controls a 100% interest in the Rainbow Canyon Gold Project in the Olinghouse Mining District, in the Washoe County Nevada.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Founder, Chairman and Director
sandyjmacdougall@gmail.com
C: 778.999.2159