Global Energy Partner Backs Max Power With $5 Million to Target Natural Hydrogen Discovery in Saskatchewan

Core Viewpoint - MAX Power Mining Corp. has arranged a non-brokered private placement with a leading Southeast Asian conglomerate, resulting in a $5 million investment for approximately 16% non-diluted ownership in the company [1][2][3]. Group 1: Investment Details - The Corporate Investor will acquire shares at a price of $0.30 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [1][3]. - Each full warrant allows the Corporate Investor to purchase an additional share at $0.45 for 24 months from the closing of the offering, subject to an accelerated expiry provision [3][4]. - The offering is subject to a statutory hold period of four months plus a day from the date of issuance [4][5]. Group 2: Strategic Implications - The investment is seen as a validation of MAX Power's vision in the Natural Hydrogen sector, with plans to initiate Canada's first deep drill program targeting Natural Hydrogen [3][5]. - The company holds approximately 1.3 million acres under permit in Saskatchewan, indicating a significant land position for exploration [9]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for the Natural Hydrogen drill program in Saskatchewan, as well as for working capital and general corporate purposes [5]. Group 4: Corporate Governance - An investor rights and shareholder agreement is anticipated, granting the Corporate Investor rights to participate in future financings and certain board observer rights, contingent on maintaining at least 10% ownership [2][5].