MarketPR
A $10 million commitment from Eric Sprott puts Max Power Mining Corp. in focus, with units priced at $2.50 each. At that price, the placement implies 4 million units by the math of the two disclosed figures.
No closing date or additional conditions were attached to the announcement. The financing terms Max Power Mining Corp. named Sprott as the investor behind the full $10 million.
The $2.50 unit price is the single concrete print from this deal. A placement with a named anchor at a stated level differs from a broad syndicated round.
Here, the price and the total are both disclosed, giving the tape a clear read on what changed hands even before a formal close is confirmed.
Keep reading