Max Power says Sprott stake rises to 19.5% after $10 million unit buy, 30.5% on diluted basis

Reuters2026/08/10 12:37

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Eric Sprott agreed to buy 4,000,000 units at $2.5 per unit in a $10 million placement, with closing targeted around Aug. 17, 2026.
Before closing, Sprott held 30,984,979 shares, or 17.6% non-diluted, rising to 27.8% partially diluted including warrants.
Post-closing, holdings rise to 34,984,979 shares, or 19.5% non-diluted, rising to 30.5% partially diluted including warrants.
Sprott agreed not to exercise warrants above a 19.9% ownership threshold unless shareholders approve a control-person resolution on Aug. 20, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Max Power Mining Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608100836PRIMZONEFULLFEED9806773) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Max Power says Sprott stake rises to 19.5% after $10 million unit buy, 30.5% on diluted basis

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