Frankfurt: M1D) is pleased to announce that it has closed its previously announced non-brokered private placement of 4,293,000 units at a price of $0.075 per unit for gross proceeds of $321,975. Each unit consists of one common share and one warrant, with each warrant entitling the holder to purchase an additional common share at an exercise price of $0.20 per share until March 31, 2019. The shares, warrants and any shares acquired on the exercise of warrants will be subject to a hold period expiring on August 1, 2017. Finder's fees in cash of $3,963.75 were paid with respect to a portion of this placement. www.maxresource.com/s/...X-closes-Private-Placement-for-321975