Medaro Announces LIFE Private Placement Offering

Core Viewpoint - Medaro Mining Corp. is conducting an offering to raise up to $524,000 through the sale of 3,742,857 units at a price of $0.14 per unit, which will support exploration activities and general corporate purposes [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.17 for 24 months [2]. - The offering is structured as a private placement under the Listed Issuer Financing Exemption, allowing for immediate tradeability of the units in Canada, excluding Québec [4][5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to advancing exploration at the Pontax and Cyr South lithium properties, along with covering general corporate and administrative expenses [3]. Group 3: Regulatory Compliance - The offering is subject to compliance with applicable regulatory requirements, and the company may pay finder's fees to eligible finders [6]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without proper registration or exemption [7]. Group 4: Company Overview - Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, owning the James Bay Pontax Project and the CYR South lithium properties in Quebec [8].