Core Points - Powermax Minerals Inc. has completed two non-brokered private placement offerings, raising a total of $3,000,000 in gross proceeds [1][2]. Group 1: Non-FT Private Placement - The Non-FT Private Placement consisted of 1,643,947 units priced at $0.76 each, generating gross proceeds of $1,249,400 [1]. - Each Non-FT Unit includes one common share and one share purchase warrant, with the warrant allowing the purchase of one share at $0.95 for 36 months [1]. Group 2: FT Private Placement - The FT Private Placement involved 1,945,000 flow-through units priced at $0.90 each, resulting in gross proceeds of $1,750,500 [2]. - Each FT Unit consists of one flow-through share and one non-flow-through share purchase warrant, with the warrant allowing the purchase of one share at $1.10 for 24 months [2][3]. Group 3: Use of Proceeds - Proceeds from the Non-FT Units will be used for general working capital and exploration work on mineral projects in British Columbia and Ontario [5]. - Proceeds from the FT Units are designated for Canadian exploration expenses qualifying as flow-through mining expenditures [5]. Group 4: Finder's Fees - The company paid $164,994 in finder's fees and issued 195,600 finder's warrants, each exercisable into one share at $0.95 for 36 months [4]. Group 5: Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for mineral claims in British Columbia and Ontario [8].