Max Resource's Australian Subsidiary Set for ASX Listing and IPO
Generated by AI AgentWesley Park
Thursday, Jan 9, 2025 8:47 pm ET1min read
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Max Resource Corp. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) has announced a strategic move for its Australian subsidiary, Max Iron Brazil Ltd. (Max Brazil), with plans to list the company on the ASX Limited (ASX) and conduct an initial public offering (IPO). This dual approach aims to enhance Max Resource's market presence, raise capital, and drive growth in its Brazilian iron ore operations.
Max Brazil has applied for in-principle advice from the ASX regarding its suitability for admission to the official list of the ASX. Upon receiving approval, Max Brazil plans to lodge a Prospectus with the Australian Securities and Investments Commission (ASIC) in Q1 of 2025. The IPO is expected to raise a minimum of AUD$6,000,000 and a maximum of AUD$10,000,000, with the proceeds earmarked for the advancement of the Florália DSO Hematite Project and general working capital purposes.
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MXF--
Max Resource Corp. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) has announced a strategic move for its Australian subsidiary, Max Iron Brazil Ltd. (Max Brazil), with plans to list the company on the ASX Limited (ASX) and conduct an initial public offering (IPO). This dual approach aims to enhance Max Resource's market presence, raise capital, and drive growth in its Brazilian iron ore operations.
Max Brazil has applied for in-principle advice from the ASX regarding its suitability for admission to the official list of the ASX. Upon receiving approval, Max Brazil plans to lodge a Prospectus with the Australian Securities and Investments Commission (ASIC) in Q1 of 2025. The IPO is expected to raise a minimum of AUD$6,000,000 and a maximum of AUD$10,000,000, with the proceeds earmarked for the advancement of the Florália DSO Hematite Project and general working capital purposes.
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