Mogotes Announces Private Placement

Core Viewpoint - Mogotes Metals Inc. is planning a non-brokered private placement to raise up to C$4,000,000 by issuing up to 12,500,000 units at a price of $0.32 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.53 for three years [2] - The proceeds from the offering will be allocated for general corporate and working capital purposes [2] Group 2: Shareholder Rights - The offering is intended to fulfill certain pre-emptive rights held by specific shareholders of the company [3] Group 3: Regulatory Compliance - Securities issued in Canada and the U.S. will have a hold period of four months plus a day from issuance, while those issued outside these jurisdictions may not be subject to a statutory hold period [4] Group 4: Company Overview - Mogotes Metals Inc. is focused on mineral exploration for copper and gold in the Vicuña district of Argentina and Chile, with its flagship project, Filo Sur, adjacent to the Filo del Sol discovery [8]