Max Power Mining Corp. announced a non-brokered private placement of up to 1,818,181 hard dollar units at a price of CAD 0.55 per unit for the gross proceeds of up to CAD 1,000,000 on December 6, 2023. Each Unit will consist of one common share of the company and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.90 for a period of 36 months following the closing date of the offering. The units will be issued on a private placement basis pursuant to applicable exemptions from prospectus requirements under applicable securities laws. All the securities issued in the transaction will be subject to a statutory hold period of four months and one day from the date of issuance of the units.

The transaction is expected to close during the week of December 11, 2023. Finder?s fees to third parties may be paid in certain circumstances as part of the offering, as permitted by the policies of the Canadian Securities Exchange and in accordance with applicable securities laws.