MAX Power Announces Concurrent Private Placement to Bring Total Gross Proceeds to $4.45 Million

Core Viewpoint - MAX Power Mining Corp. is conducting an additional non-brokered private placement due to strong investor interest, aiming to raise total gross proceeds of up to $4.45 million for exploration and working capital [1][2][3]. Group 1: Private Placement Details - The concurrent offering will issue up to 5,681,818 units at a price of $0.22 per unit, each comprising one common share and one share purchase warrant [1]. - Each warrant allows the holder to purchase one share at an exercise price of $0.29, valid for 24 months from the issuance date [1]. - The total gross proceeds from this offering, combined with previously announced financing, is expected to reach $4.45 million [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the exploration of Natural Hydrogen properties in Saskatchewan, as well as for working capital and general corporate purposes [3]. Group 3: Securities and Regulations - All securities issued will be subject to a statutory hold period of four months plus a day from the issuance date [3]. - The company may pay finders' fees to eligible finders in connection with the offering, in compliance with applicable securities laws [4]. Group 4: Company Overview - MAX Power is focused on North America's transition to decarbonization and is a first mover in the Natural Hydrogen sector, holding approximately 1.3 million acres of permits for exploration [8]. - The company has identified high-priority initial drill target areas and also holds properties in the U.S. and Canada focused on critical minerals [8].