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Max Resource Corp V.MAX

Alternate Symbol(s):  MXROF

Max Resource Corp. is a Canada-based mineral exploration company advancing the newly discovered district-scale wholly owned Sierra Azul Copper-Silver Project in Colombia and its wholly owned Floralia Hematite Iron Ore Project in Brazil. The Sierra Azul Project is a district-scale copper-silver project spanning 120-km along the 200-km-long Cesar Basin in the mining region of northeastern Colombia. The Project consists of 20 mining concessions spanning over 188 square kilometers (km2). Its exploration is focused on three districts at Sierra-Azul: AM District, Conejo District, and URU District. The Floralia Hematite Iron Ore Project is located 70 km southeast (SE) of Belo Horizonte, Minas Gerais. The Floralia Hematite open cut is of significant size consisting of five benches rising to 48 meter (m) and 160 m in width revealing plunging bands of hematite iron ore at the base, and sub-horizontal banding at the top of the open cut and is open in all directions.


TSXV:MAX - Post by User

Post by nopooon Jun 03, 2024 12:32pm
139 Views
Post# 36069512

re Halt

re HaltStock was halted because of acquisition of the Florlia Hematite Iron Ore Property, the LOI was signed on April 12th, the Freeport deal was released on May 13th and approved by the exchange May 29th. 

"The transaction (of the 
Florlia Hematite Iron Ore Property),will be a Fundamental Acquisition as defined by the policies of the TSX Venture Exchange (the “Exchange”) and is subject to approval of the Exchange and Max completing all filing requirements and shareholder approval, if required. Trading will remain halted pending receipt and review of acceptable documentation pursuant to Section 5.6 (d) of TSXV Policy 5.3 regarding a Fundamental Acquisition."

MAX needs to publish a 43-101 on Floralia before trading can restart than require a shareholder vote after the mandatory wait.

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