MAX Closes Debt and Option Agreements with Bolt Metals for Its Florália High-Purity Iron Property in Brazil
Max Resource Corp. has closed a debt settlement and option agreement with Bolt Metals Corp. for its Florália High Purity Iron Property in Brazil. Bolt issued Max 4 million shares and 2 million pre-funded warrants to settle exploration costs.
Key figures
- Fe grade pct
- 55-61
- Option shares total
- 26800000
- Bolt shares received
- 4000000
- Min equity floor pct
- 25
- Option period months
- 30
- Exploration target mt
- 50-70
- Bolt prefunded warrants
- 2000000
- Option shares per installment
- 6700000
AI analysis
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