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Max Resource Corp V.MAX

Alternate Symbol(s):  MXROF

Max Resource Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. The Company is engaged in advancing its Sierra Azul copper-silver project in Colombia. Its Sierra Azul copper-silver project is located in northeastern Colombia and lies along the northern portion of the Andean belt. The land tenure at Sierra Azul includes 188 square kilometers (km2) of mining concessions and 1,141 km2 of mineral concession applications. The Sierra Azul Copper-Silver Project comprises three districts: Uru, Conejo and AM Copper silver Zone. The Project hosts stratiform copper-silver mineralization in the southern end (URU and Conejo zones). The Company has also entered into a mineral right purchase agreement to acquire approximately 100% interest the Floralia DSO Iron Ore Project. The Floralia DSO Iron Ore property is located 120-km east of the city of Belo Horizonte in the State of Minas Gerais, Brazil.


TSXV:MAX - Post by User

Post by nopooon Jun 03, 2024 12:32pm
121 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.

Ahead of the Herd
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