Hampton Securities Limited Announces Closing of $20.5 Million Brokered LIFE Offering for Max Power Mining Corp

Core Viewpoint - Max Power Mining Corp. successfully closed a private placement of 15,805,624 Units at a price of $1.30 per Unit, raising gross proceeds of $20,547,311, marking the largest capital raise in the company's history [1][2]. Group 1: Offering Details - Each Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of C$1.80 for up to 24 months [2]. - The offering included a partial exercise of the over-allotment option, with Eric Sprott being the lead order [1]. Group 2: Use of Proceeds - The net proceeds will be allocated to: 1. Analytical testing, resource modeling, and estimation of the Lawson Natural Hydrogen Discovery [3]. 2. Acquisition of 2D and 3D seismic data across various targets in Saskatchewan [3]. 3. Drilling of additional wells [3]. 4. General corporate purposes, including administrative and marketing [3]. Group 3: Related Party Transactions - Certain officers, directors, and insiders acquired a total of 3,620,010 Units, qualifying as a related-party transaction under Multilateral Instrument 61-101 [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements, as insider participation does not exceed 25% of the fair market value of the company's market capitalization [5]. Group 4: Regulatory Information - The Units were offered under the Listed Issuer Financing Exemption, applicable in all provinces of Canada except Quebec, and in other qualifying jurisdictions, including the United States [6]. - The securities issued will not be subject to a statutory hold period under Canadian securities laws [6].