Maxus Mining Announces Private Placement

Core Viewpoint - Maxus Mining Inc. is proposing a non-brokered private placement to raise up to $3,700,003.30 by offering up to 10,571,438 units at a price of $0.35 per unit [1][3]. Group 1: Private Placement Details - Each unit will consist of one common share and one transferable common share purchase warrant, with the warrant allowing the holder to acquire an additional share at an exercise price of $0.46 for 24 months [2]. - The proceeds from the placement will be used for exploration on the company's properties and general working capital [3]. - The placement will be offered to qualified investors under exemptions from prospectus and registration requirements, including the Investment Dealer Exemption available in several Canadian provinces [3]. Group 2: Company Overview - Maxus Mining Inc. is focused on mineral exploration, aiming to locate, acquire, and develop economic mineral properties in premier jurisdictions [6]. - The company has a diverse portfolio of exploration properties covering approximately 7,244 hectares, including four antimony projects and the Penny Copper Project [6]. - The Penny Copper Project has a history of exploration activity and recent sampling returned copper values up to 2,388 ppm [7]. Group 3: Project Highlights - The Quarry Antimony Project has historical samples showing significant mineralization, including 20% Sb [8]. - The Lotto Tungsten Project has reported high tungsten grades, with a sample assaying 10.97% Wo3 [8]. - The Altura and Hurley Antimony projects are strategically located near recent high-grade discoveries, with assays from the Hurley project showing 19.2% Sb and 2.16 g/t Au [8].