Max Resource Corp V.MAX

Max Resource Closes $15.3 Million Non-Brokered PP

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Max Resource Closes $15.3 Million Non-Brokered Private Placement Financing

Vancouver B.C., May 19, 2022 – MAX RESOURCE CORP. (“Max”) (TSX.V: MAX; OTC: MXROF; Frankfurt: M1D2) is pleased to announce the closing of a private placement of 25,500,000 units at a price of $0.60 per unit for aggregate gross proceeds of $15,300,000 (the “Offering”). Each unit is comprised of one common share and one transferable common share purchase warrant, each warrant exercisable for one year at a price of $0.85. 

In addition, the Company has paid finder's fees totaling $115,380 and issued an aggregate 192,300 finder's warrants to arm's-length parties, with each finder’s warrant entitling the holder to purchase one common share for a period of one year at a price of $0.85.

The net proceeds of the Offering will be used for drilling and exploration of the Company's Cesar Project in Colombia and general working capital. All securities issued under the Offering are subject to a statutory hold period of 4 months and 1 day from closing.

About Max Resource Corp.

Max Resource Corp. (TSXV: MAX) is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. The wholly-owned Cesar project sits along the Colombian portion of the world’s largest producing copper belt (Andean belt), with world class infrastructure and the presence of global majors (Glencore and Chevron).

In addition, Max controls the RT Gold project (100% earn-in) in Peru, encompassing a bulk tonnage primary gold porphyry zone, and 3-km to the NW, a gold bearing massive sulphide zone. Historic drilling in 2001, returned values ranging 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-metres. 

Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011

For more information visit: https://www.maxresource.com/

For additional information contact: 
Max Resource Corp.
Rahim Lakha
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T. ([phone]                                     

Tim McNulty
E: [e-mail]
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Max Resource Corp.
1188-1095 W Pender St., Vancouver, BC, Canada, V6E 2M6