MAX Resource Closes First Tranche of Financing FOR $1,200,000
MAX RESOURCE CLOSES FIRST TRANCHE OF FINANCING FOR $1,200,000
Vancouver B.C., July 9, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF;
Frankfurt: M1D 1) is pleased to announce that it has closed the first tranche of a non -brokered private
placement offering, as previously announced on June 17 , 2019 (the “ Placement”), for total gross proceeds of
$1,200,000.
The Company has allotted and issued 12 ,000,000 units at a price of $0.10 per unit. Each unit is comprised of
one common share and one -half of one transferable share purchase warrant, with each whole warrant
entitling the holder to purchase one additional common share of the Company for a period of up to 24 months
at a price of $0.15.
In connection with the Placement, the Company paid total finder’s fees of $ 80,080 and issued an aggregate
800,800 non-transferable broker warrants. Each broker warrant entitles the holder to acquire one common
share of the Company at an exercise price of $0.15 for a period of 24 months from closing.
The Company intends to use the proceeds from the Placement towards advancing the Company’s North Choco
Gold-Copper and Choco Gold -Platinum Projects and for general working capital purposes. The securities
issued under the Placement will be subject to a four -month and one-day hold period expiring on November
10, 2019. The Placement remains subject to the final approval of the TSX Venture Exchange.
About Max Resource Corp.
Max is a mineral exploration company focused on the development and expanding its landholdings in the rich
Choco mineral belt of Colombia. The C ompany has established significant exploration infrastructure and local
community support for the Choco Gold-Platinum project, located 100 km SW of Medellin, which covers, or is
adjacent to, historic production of 1.5 million ounces of gold and 1.0 million ounces of platinum. The North
Choco Gold-Copper project lies adjacent to the Choco Gold -Platinum project. The Gachala copper project is
located 60 k m east of Bogota. The Company is led by a seasoned management team with a re cord of
significant discovery and exploration success.
For more information visit: https://www.maxresource.com/
For additional information contact:
Max Resource Corp.
Tim McNulty
T: (604) 290-8100
For Max Resource’s French inquiries:
Remy Scalabrini, Maricom Inc.
T: (888) 585-MARI
Neither 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
Except for statements of historic fact, this news release contains certain "forward- looking information" within
the meaning of applicable securities law. Forward- looking information is frequently characterized by words
such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or
statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on
the opinions and estimates at the date the statements are made and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
anticipated in the forward- looking statements including, but not limited to delays or uncertainties with
regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward- looking
information, including factors beyond the Company’s control. There are no assurances that the
commercialization plans for Max Resources Corp. described in this news release will come into effect on the
terms or time frame described herein. The Company undertakes no obligation to update forward- looking
information if circumstances or management's estimates or opinions should change except as required by
law. The reader is cautioned not to place undue reliance on forward- looking statements. Additional
information identifying risks and uncertainties that could affect financial results is contained in the Company’s
filings with Canadian securities regulators, which filings are available at www.sedar.com