On December 14, 2023, Max Power Mining Corp. closed the transaction. The company has issued 2,000,181 units at an issue price of CAD 0.55 per unit for the gross proceeds of CAD 1,100,099.55.

Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.90 for a period of 36 months following the closing date of the Offering. In addition, the company has paid finder?s fees totaling CAD 23,925 and issued an aggregate 43,500 finder?s broker warrants to arm?s-length parties, with each finder?s warrant entitling the holder to purchase one common share for a period of 18 months at a price of CAD 0.90.

The transaction is subject to the approval of the CSE.