MAX Resource (TSE:MAX) has released an update.
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Max Resource Corp’s subsidiary, Max Iron Brazil Ltd., has received conditional approval from the TSX Venture Exchange for a private placement of up to 30 million ordinary shares, aiming to raise AUD $3 million. The funds will support the Florália DSO Hematite Project in Brazil and general working capital needs. Max Brazil has also started drilling programs at the Florália site.
For further insights into TSE:MAX stock, check out TipRanks’ Stock Analysis page.
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