Maxus Mining Announces Closing of Private Placement for Gross Proceeds of CDN $3,605,770

Core Viewpoint - Maxus Mining Inc. has successfully closed a non-brokered private placement, raising a total of $3,605,770 through the issuance of 10,302,200 units at a price of $0.35 per unit, which includes common shares and purchase warrants [1][2] Group 1: Offering Details - The offering consisted of 10,302,200 units, each unit comprising one common share and one transferable common share purchase warrant [1] - Each warrant allows the holder to acquire an additional share at an exercise price of $0.46 for a period of 24 months from the closing date [1] - Finder's fees amounted to $252,403.90, along with 721,154 finder's warrants issued to arm's length parties [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated towards exploration on the company's properties and for general working capital purposes [2] Group 3: Company Overview - Maxus Mining Inc. is focused on mineral exploration, aiming to locate, acquire, and develop economic mineral properties in prime jurisdictions [4] - The company holds approximately 9,921 hectares of exploration properties, including three antimony projects and the Penny Copper Project [4] Group 4: Project Highlights - The Penny Copper Project spans approximately 3,123 hectares and has a history of exploration activity, with recent sampling returning copper values up to 2,388 ppm [5] - The Quarry Antimony Project has historical samples showing significant gold, copper, zinc, lead, silver, and antimony values [6] - The Altura and Hurley Antimony projects are strategically located near recent high-grade antimony discoveries, with assays showing up to 69.98% Sb and 19.2% Sb respectively [6]