The Prospector News

MAX Power Mining Corp. Completes Initial Public Offering and Lists on the Canadian Securities Exchange

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

MAX Power Mining Corp. Completes Initial Public Offering and Lists on the Canadian Securities Exchange

 

 

 

MAX Power Mining Corp. (CSE: MAXX) is pleased to announce that it has completed its initial public offering of common shares in the capital stock of the Company. MAX Power issued 6,000,000 Shares that were qualified for distribution under its final prospectus dated December 24, 2021 at a price of $0.25 per Share for gross proceeds of $1,500,000 to purchasers in British Columbia, Alberta and Ontario. The net proceeds of the IPO will primarily be used to fund exploration on the Company’s Nicobat Property consisting of 165 non-contiguous mining cell claims covering nearly 22 sq. km in the Rainy River district of northwestern Ontario, Canada.

 

Pursuant to the agency agreement dated December 24, 2021, Leede Jones Gable Inc. acted as the agent for the IPO on a commercially reasonable efforts basis and received a cash commission, a corporate finance fee and reimbursement of its expenses in connection with the IPO. In addition, Leede and members of its selling group received an aggregate of 540,000 compensation warrants to purchase the same number of Shares of the Company at a price of $0.25 per Share over an 18-month period.

 

The Company has received approval to list its common shares on the Canadian Securities Exchange and its Shares will be listed for trading on the Exchange on February 16, 2022 under the stock symbol “MAXX”.

 

Additional information about the Company, the IPO, and the Nicobat Property, can be found in the Company’s final long form prospectus dated December 24, 2021 as filed on SEDAR at www.sedar.com.

 

The directors and officers of MAX Power are Ravinder Mlait, the Chief Executive Officer of the Company and a director; Bryan Loree, the Chief Financial Officer and Corporate Secretary of the Company and a director; Thomas Clarke, a director; and Bill deJong, a director.

 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. the securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws and may not be offered or sold in the United States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

 

About Max Power Mining

 

MAX Power Mining Corp. is engaged in the acquisition, exploration, and evaluation of mineral properties. MAX Power is the holder of exploration licences to explore an area covering approximately 22 sq. km in northwestern Ontario’s Rainy River district.

 

Posted February 16, 2022

Share this news article

MORE or "UNCATEGORIZED"


NMG Announces Closing of US$96.5 Million Equity Public Offering

As part of the financing package for the phased development of the commercial operations of its Mata... READ MORE

April 16, 2026

Group Eleven Drills 23.5m of 12.3% Zn+Pb and 46 g/t Ag, Further Confirms Deeper Cu-Ag Mineralization and Extends Mineralized Strike by 600m to 3.2km

Group Eleven Resources Corp. (TSX-V: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is pleased to announce new assay... READ MORE

April 16, 2026

Argenta Silver Step-Out Drilling Intersects 679 g/t Ag over 13.5m, including 1,163 g/t Ag over 4.0m, Resource Continuity and Expansion Continues

Argenta Silver Corp. (TSX-V: AGAG) (OTCQX: AGAGF) (FSE: T1K) is pleased to report the third set of ... READ MORE

April 16, 2026

Maple Gold Expands Gold System at Douay With Broad Step-Out Intercepts; 1.1 G/T Au Over 74 m, Including 2.8 G/T Au Over 13.5 m, In The Nika Zone And 1.0 G/T Au Over 138 m, Including 3.1 G/T Au Over 9 m, In The Porphyry West Zone

Maple Gold Mines Ltd. (TSX-V: MGM) (OTCQX: MGMLF) (FSE: M3G0) today announced assay results from 14 ... READ MORE

April 16, 2026

Uranium Royalty, Orion and Ontario Teachers’ Pension Plan to Create a Leading Royalty Platform Through Combination of Uranium Royalty and Sweetwater Royalties

Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) is pleased to announce that it has entered into an a... READ MORE

April 16, 2026

Copyright 2026 The Prospector News