Miata Metals Upsizes Private Placement to $5.5 million

Core Points - Miata Metals Corp. has upsized its non-brokered private placement offering to 23,913,043 units at a price of $0.23 per unit, aiming for total gross proceeds of up to $5,500,000 [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 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] Offering Details - The offering will be conducted under the listed issuer financing exemption in all provinces and territories of Canada, excluding Quebec, and will not have resale restrictions for Canadian residents [3] - 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 considered a related party transaction [7] Financial Aspects - 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] - Miata Metals Corp. holds a 70% interest in the Sela Creek Gold Project and a 70% beneficial interest in the Nassau Gold Project, both located in Suriname [9]