Powermax Minerals is pleased to announce that it has completed a non-brokered private placement offering of 1,643,947 units of the Company at a price of $0.76 per Non-FT Unit, for aggregate gross proceeds of $1,249,400. Each Non-FT Unit consists of one common share of the Company and one Share purchase warrant, with each Warrant entitling the holder to purchase one Share at an exercise price of $0.95 for a period of 36
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