Mogotes Metals Announces Closing of C$11.5 Million Bought Deal Offering, Including Full Exercise of the Underwriters' Option

Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined below) of an aggregate of 35,937,500 units of the Company (the "Units") at a price of C$0.32 per Unit for aggregate gross proceeds of C$11,500,000 (the "Offering"), which includes the full exercise of t ...