Vancouver B.C., October 5, 2020 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D1) a leading copper silver exploration Company focused on South American assets, is pleased to announce the appointment of Rahim Kassim-Lakha as Strategic Advisor.
Mr. Kassim-Lakha, founder and CEO of Blue Sail Capital, brings over 24 years global investing and capital markets expertise, and M&A advisory. He has been instrumental in more than $5 billion of transactions. Mr. Kassim-Lakha served in senior and executive roles for Fidelity Capital, US Global, GMP, National Bank, Desjardins and Salman Partners.
Max’s CESAR copper-silver project in Colombia is now attracting major and mid-tier miners alike, following less than a year of exploration. Max has executed a number of non-exclusive confidentiality agreements (“CA”), including those with a major copper producer and another global miner.
Mr. Kassim-Lakha will act as special advisor to the CEO and the Board of Directors to evaluate financial interest and/or enter into a business arrangement with a Party or Parties under CA. The rationale is to maximize shareholder value.
This will allow the Max team to focus exploration activities on both the CESAR project in Colombia, and the recently acquired RT Gold property in Peru. Both are unique opportunities with large-scale discovery potential.
"Using their first mover advantage, the Max team has demonstrated CESAR’s district-scale potential, receiving interest on a global scale. Max is strategically poised to take full advantage of high demand metals, copper and silver. I am delighted to assist in this remarkable opportunity," stated Mr. Rahim Kassim-Lakha.
"On behalf of the Board of Directors, I am privileged to welcome Rahim, with his exceptional track record of delivering corporate development in the public markets," stated Brett Matich, President and CEO of Max Resource Corp.
“Max will continue its aggressive field programs and focus on expanding its landholdings of the CESAR copper-silver project. In addition, the program will include interpretation of seismic data and identifying the presence of copper at depth from historical oil & gas drill chips and core,” he concluded.
Option Grant
Mr. Kassim-Lakha has been granted options (the "Options") to purchase 500,000 common shares in the Company at a price $0.21 per share, good for five years, with certain conditions.
About Max Resource Corp.
Max Resource Corp. is advancing its stratabound Kupferschiefer type CESAR copper-silver project in Colombia and its newly acquired RT Gold property in Peru. Both have potential for the discovery of large-scale mineral deposits attractive to major mining and exploration Companies worldwide.
For more information visit: https://www.maxresource.com/
For additional information contact:
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Max Resource Corp. E: info@maxresource.com
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Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com
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