MAX Power Mining Corp. (CSE: MAXX) (“MAX Power” or the “Company”) is pleased to announce that it has completed its initial public offering (the “IPO”) of common shares (the “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 C$0.25 per Share for gross proceeds of C$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 (the “Nicobat Property”) consisting of 165 non-contiguous mining cell claims covering nearly 22 sq. km in the Rainy River district of northwestern Ontario, Canada.
Bill deJong from Fasken advised Max Power Mining Corp. on their initial public offering (Capital Markets and Mergers & Acquisitions).