Max Power Mining Corp. announced a non-brokered private placement of non-brokered private placement of up to 8,500,000 units at a price of CAD 0.195 per unit for the gross proceeds of CAD 1,657,500 on May 2, 2024. Each unit will consist of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant.

Each whole warrant will be exercisable to acquire one share at an exercise price of CAD 0.30 per share for a period of 24 months from the date of issuance, subject to the following acceleration right. In connection with the offering, the company may pay finder's fees consisting of: (i) cash finder's fees of up to 7% of the gross proceeds of the offering; and (ii) finder warrants in an amount equal to up to 7% of the number of units issued pursuant to the offering, exercisable at a price of CAD 0.30 per common share for a period of 24 months following the closing date of the offering which will also be subject to the above acceleration clause. The offering is scheduled to close on or about May 15, 2024 and completion of the offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.