RE:RE:Trading Halted Pending NewsFrom the Feb 20, 2019 NR:
UNV/Tasca signed a non-binding letter of intent to purchase the Gachala North Block - it is now a Definitive Agreement (the North Block represents about 25% of the entire MAX Resources Gachala project).
"Another two of the license applications cover a 4-kilometre-long cobalt anomaly identified by the Colombian Geological Survey. This metal is of extreme interest to the Company as cobalt is one of the key accessory metals for sedimentary copper deposits."
So while the trading halt today was related to the definitive purchase agreement, it's my opinion only that UNV is extremely positive about their potential fortunes with the North Block from their initial due diligence. With the 6 million shares being granted to MAX and it now being a 14% insider, MAX has retained a vested interest in the North Block - a win-win situation for them. Summary? I think that the $50k exploration will likely focus at the cobalt anomaly in the near term.
My opinions only - DYODD.