Medaro Announces Closing of LIFE Private Placement Offering

Core Viewpoint - Medaro Mining Corp. has successfully closed its LIFE private placement offering, raising approximately $523,990 through the issuance of 3,742,786 units at a price of $0.14 per unit [1]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one share at an exercise price of $0.17 for 24 months [2]. - The offering was conducted under the Listed Issuer Financing Exemption, meaning the units are not subject to a hold period under Canadian securities laws [3]. Group 2: Financial Transactions - The company paid a total of $2,940 in cash finder's fees and issued 21,000 finders warrants to Research Capital Corporation, and paid $3,430 in cash finder's fees and issued 24,500 finders warrants to Ventum Financial Corp [4]. - After settling a debt of $35,000 to Treewalk Ventures Inc. and paying finder's fees, the company received net proceeds of approximately $482,620.04, which will be used for exploration activities at its lithium properties and for general corporate purposes [5]. Group 3: Related Party Transactions - Treewalk Ventures, controlled by the company's CFO, participated in the offering by acquiring 250,000 shares, and the company used part of the proceeds to settle a debt with Treewalk [7]. - The company is relying on exemptions from formal valuation and minority approval requirements as the transaction does not exceed 25% of its market capitalization [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].