MAX Power Mining Secures $1.9M in Funding

Max Power Mining Corp (TSE:MAXX) has released an update.

MAX Power Mining Corp has successfully secured $1.9 million through a non-brokered private placement, issuing over 9.7 million units at $0.195 each, aimed at bolstering the company’s prospects for the year 2024. The deal offers investors warrants to purchase additional shares at $0.30 within a 24-month period, with an acceleration clause based on share price performance. This strategic financial move, open to Canadian residents with exceptions, is designed to strengthen MAX Power’s market position without the imposition of a statutory hold period.

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