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.
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