Metalero Mining (MLO) Announces Updated Terms for its $300,000 Private Placement to Advance Benson Project

Core Viewpoint - Metalero Mining Corp. has announced updated terms for a non-brokered private placement aimed at raising up to $300,000 to advance the Benson Project, located in the Quesnel Trough of British Columbia [1][4]. Group 1: Offering Details - The revised offering will consist of up to 1,428,572 flow-through units priced at $0.21 per unit, each unit comprising one flow-through common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional non-flow-through common share at a price of $0.26 for two years from issuance [2]. - The proceeds will support exploration work at Benson, including further sampling and ground geophysics, and the offering is subject to necessary approvals [4]. Group 2: Benson Project Background - The Benson Project is strategically located in the Quesnel Trough, a significant mineral belt in Canada, known for hosting over 360 alkalic copper-gold porphyry occurrences and deposits [5][6]. - The project area is accessible via Highway 26 and a network of logging roads, facilitating capital-efficient exploration [7]. - Historical exploration has identified numerous gold and copper surface geochemical anomalies, with modest drilling programs intersecting skarn and epithermal gold and silver mineralization [9]. Group 3: Company Overview - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects in North America, with the Benson Project being its flagship [10]. - The company is managed by professionals committed to technical excellence and strong corporate governance, aiming to identify and capitalize on investment opportunities [12].