Metalero Closes Second Tranche of Oversubscribed Private Placement

Core Points - Metalero Mining Corp. has successfully closed the second tranche of its non-brokered private placement, raising a total of $108,679.83 through the sale of 517,523 flow-through units at a price of $0.21 per unit [1][2] - Each flow-through unit consists of one common share and one warrant, allowing the purchase of an additional share at $0.26 for two years [2] - The proceeds from this offering will be allocated to exploration work at the Benson Project, including further sampling and ground geophysics [4] Financial Details - The second tranche generated gross proceeds of $108,679.83 from the sale of flow-through units [2] - Metalero paid $8,694 in cash and issued 41,402 finder's warrants to eligible finders [3] - Each finder's warrant allows the purchase of one common share at $0.21 for two years [3] Project Background - The Benson Project is located in the Quesnel Trough, a significant mineral belt in Canada, known for its copper-gold porphyry occurrences [7] - The project area is accessible via Highway 26 and logging roads, facilitating efficient exploration [9] - Recent AI studies have identified high-potential anomalies in the Benson Project area, indicating the presence of gold and copper mineralization [9] Company Overview - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects in North America [10] - The Benson Project, covering 173 square kilometers, is the company's flagship asset, featuring five prospects with porphyry-related mineralization [10]