Financing From Copper Junior in Colombia Goes Free-Trading

Max Resource Corp. (TSX-V: MAX)

• Gross proceeds: $7.7 million
• Number of units: 29.65 million
• Unit type: Special units
• Price per unit: $0.26
• Closing date: 03/28/2022
• Today's closing price (June 7): $0.35
• Deal appreciation: 34.6%
• Warrants: Half
• Strike Price: $0.36
• Expiry date: 03/28/2024

Company breakdown:

• Copper and silver junior focused on the Cesar project, located on the 200-kilometre Cesar Basin in northeastern Colombia
• Max has a cooperation agreement with Endeavour Silver Corp. (TSX: EDR) to assist Max as it works to expand its landownings in the region, while Endeavour keeps an underlying 0.5% net smelter royalty
• Shares of the company reached a 52-week high in April, shortly after the above private placement, and following drill results including 16.8 metres of 8.3% copper
• The company was recently awarded concessions to cover another 99 square kilometres on the Cesar project
• The company has completed a couple more private placements since the one listed above