Miata Metals Closes Upsized Private Placement of $5.5 million

Core Points - Miata Metals Corp. has successfully closed a non-brokered private placement offering, issuing 23,913,044 units at a price of $0.23 per unit, resulting in total gross proceeds of $5,500,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 until August 21, 2027 [2] - The offering was conducted under the listed issuer financing exemption, allowing the securities issued to Canadian residents to be free from resale restrictions [3] - 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 and corporate purposes [4] Group 2: Finder's Fees and Related Party Transactions - The company paid a total of $165,004 in cash finder's fees and issued 771,410 finder's warrants, which are also exercisable at $0.40 until August 21, 2027 [5] - Two directors and an officer of the company participated in the offering, contributing a total of $121,002, which is classified as a related party transaction [6] Group 3: Company Overview - Miata Metals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, OTCQB, and Frankfurt Exchanges, focusing on the acquisition, exploration, and development of mineral properties [7] - The company holds a 70% interest in the Sela Creek Gold Project and a 70% beneficial interest in the Nassau Gold Project, both located in Suriname's greenstone belt [7]