Powermax Minerals Inc.

Powermax Minerals is pleased to announce that it intends to complete a non-brokered private placement of up to 1,315,789 units, at a price of $0.76 per Unit, and of up to 1,388,888 flow-through units, at a price of $0.90 per FT Unit, for aggregate gross proceeds of up to $2,250,000. Each Unit is to be comprised of one common share and one common share purchase warrant, with each Warrant exercisable into one common share [...]