Miata Metals Announces $3 Million Private Placement of Units

Core Points - Miata Metals Corp. is conducting a non-brokered private placement offering to raise up to $3,000,000 by issuing up to 13,043,478 units at a price of $0.23 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with warrants priced at $0.40 for 24 months post-closing [2] - Proceeds from the offering will be allocated for exploration activities on the Sela Creek and Nassau Gold projects in Suriname, as well as for general working capital [3] Offering Details - The offering will be conducted under the listed issuer financing exemption in Canada, excluding Quebec, and securities issued will not have resale restrictions [4] - The expected closing date for the offering is around August 21, 2025, subject to necessary approvals and compliance with Canadian Securities Exchange policies [6] - Insiders may participate in the offering for up to $500,000, which will be treated as a related party transaction [7] Financial Incentives - The company may pay finder's fees of up to 6.0% of the gross proceeds and issue non-transferable warrants equal to 6.0% of the units issued to finders [8] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing mineral properties, holding a 70% interest in the Sela Creek Gold Project and a 70% beneficial interest in the Nassau Gold Project in Suriname [9]