MAX arranges Private Placement for $400,000
December 19, 2017 TSX-V: MXR
OTC Pink: MXROF
Frankfurt: M1D
News Release
MAX arranges Private Placement for $400,000
Vancouver, B.C. - MAX Resource Corp. (TSX.V: MXR; OTC Pink: MXROF; Frankfurt: M1D) has
agreed to a non-brokered private placement of 8,000,000 units at a price of $0.05 per unit for gross proceeds
of $400,000. Each unit will be comprised of one common share and one warrant, with each warrant entitling
the holder to purchase an additional common share at an exercise price of $0.075 per share for a period of
five years from the closing date of the private pla cement. Closing of this private placement is sub ject to
acceptance for filing by the TSX Venture Exchange.
It is anticipated that certain directors, officers and other insiders of the Company will acquire shar es and
warrants of the Company under the offering. Such p articipation will be considered to be "related part y
transactions" within the meaning of TSX Venture Exc hange Policy 5.9 and Multilateral
Instrument 61-101-Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted
in the Policy. The Company intends to rely on the exemptions from the formal valuation and minority
shareholder approval requirements of MI 61-101 cont ained in sections 5.5 (b) and 5.7(1)(b) of
MI 61-101 in respect of related party participation in the offering. The securities of the Company are listed
on the TSX Venture Exchange (and on none of certain specified markets for the purposes of the
MI 61-101 provisions) and neither the aggregate fai r market value of the shares and warrants to be
distributed to, nor the consideration paid by, related parties will exceed Cdn $2.5 million. The Com pany
expects to receive the requisite non-interested dir ectors' approval
of the offering. The Company will disclose further details in the closing news release for the offering.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration compan y focused on gold, silver and copper exploration
in North America. For more information, please visit our web site at www.maxresource.com.
On behalf of the Board of Directors of
MAX Resource Corp.
“STUART ROGERS”
Stuart Rogers
President
Contacts: Leonard MacMillan, Corporate Communication
Phone: 604-880-7924
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward looking statements". Without limitation, statements regard ing potential
mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. Th e following are important factors that could cause MAX’s actual
results to differ materially from those expressed or implied by such forward looking statements: changes in the world
wide price of mineral commodities, general market c onditions, risks inherent in mineral exploration, r isks associated
with development, construction and mining operation s, the uncertainty of future profitability and the uncertainty of
access to additional capital.