Miata Metals Upsizes Private Placement to $5 million

Core Points - Miata Metals Corp. has increased its non-brokered private placement offering to 21,739,130 units at a price of $0.23 per unit, aiming for total gross proceeds of up to $5,000,000 due to strong investor demand [1][5] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with warrants priced at $0.40 for a period of 24 months [2] - The offering is expected to close on or about August 21, 2025, subject to necessary approvals and compliance with Canadian Securities Exchange policies [6] Offering Details - The offering will be conducted under the listed issuer financing exemption, allowing securities to be issued without resale restrictions for Canadian residents, excluding Quebec [3] - An amended offering document will be available on SEDAR+ and the company's website for prospective investors [4] - The proceeds will be used for exploration activities on the Sela Creek and Nassau Gold projects in Suriname, as well as for general working capital [5] Insider Participation - Insiders may participate in the offering for up to $500,000, which will be considered a related party transaction [7] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements for insider participation [7] Finder's Fees - The company may pay finder's fees of up to 6.0% of the aggregate gross proceeds and issue non-transferable warrants equal to 6.0% of the number of units issued [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]