Miata Metals Announces Closing of $11.5 Million Public Offering Including Full Exercise of the Over-Allotment Option

Core Points - Miata Metals Corp. has successfully closed its short form prospectus offering, issuing 23,958,500 common shares at a price of $0.48 per share, resulting in gross proceeds of $11,500,080 [1][2][3] - The net proceeds from the offering will be utilized for exploration activities on the Sela Creek project in Suriname, as well as for general working capital and corporate purposes [3] - The offering was met with strong institutional demand, enhancing the company's shareholder base and supporting its fully-funded work program for 2026 [4] Offering Details - The offering was conducted through a short form prospectus filed with Canadian securities regulatory authorities, excluding Québec, and in other jurisdictions under applicable exemptions [2] - The offering was completed on a "best-efforts" agency basis, with Cormark Securities Inc. acting as the lead agent and sole bookrunner [4] - A related party participated in the offering, contributing $27,360, which is considered a related party transaction under Multilateral Instrument 61-101 [5] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, OTCQB, and Frankfurt Exchanges [7] - The company holds a 70% interest in the Sela Creek Gold Project, with an option to acquire a full 100% interest, and a 70% beneficial interest in the Nassau Gold Project in Suriname [7]