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Miata Metals Announces Closing of $11.5 Million Public Offering Including Full Exercise of the Over-Allotment Option
Globenewswire· 2025-12-08 14:29
Core Points - Miata Metals Corp. has successfully closed its short form prospectus offering, issuing 23,958,500 common shares at a price of $0.48 per share, resulting in gross proceeds of $11,500,080 [1][2][3] - The net proceeds from the offering will be utilized for exploration activities on the Sela Creek project in Suriname, as well as for general working capital and corporate purposes [3] - The offering was met with strong institutional demand, enhancing the company's shareholder base and supporting its fully-funded work program for 2026 [4] Offering Details - The offering was conducted through a short form prospectus filed with Canadian securities regulatory authorities, excluding Québec, and in other jurisdictions under applicable exemptions [2] - The offering was completed on a "best-efforts" agency basis, with Cormark Securities Inc. acting as the lead agent and sole bookrunner [4] - A related party participated in the offering, contributing $27,360, which is considered a related party transaction under Multilateral Instrument 61-101 [5] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, OTCQB, and Frankfurt Exchanges [7] - The company holds a 70% interest in the Sela Creek Gold Project, with an option to acquire a full 100% interest, and a 70% beneficial interest in the Nassau Gold Project in Suriname [7]
Gold Mining Stock KINGSMEN RESOURCES (TSXV: KNG), (OTC: KNGRF) Announces Increase in Private Placement
Investorideas.com· 2025-11-24 15:43
Core Viewpoint - Kingsmen Resources Ltd. has successfully closed a non-brokered private placement financing, raising gross proceeds of $4,151,250 to advance its silver/gold projects in Mexico and for working capital [3]. Financing Details - The private placement involved the issuance of 3,075,000 units at a price of $1.35 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [3]. - Each whole warrant allows the holder to purchase an additional common share at a price of $1.90 for two years from the closing date [3]. - A total of $191,179.36 in cash and 141,614 non-transferable finder's warrants were paid on a portion of the private placement, with the finder's warrants also exercisable at $1.90 for two years [3]. Project Focus - The net proceeds from the financing will be utilized to further advance the Las Coloradas Silver/Gold project in Mexico, which is part of Kingsmen's strategy to enhance its mineral exploration efforts [3][6]. - Kingsmen Resources is focused on its 100% held projects, including the Las Coloradas and Almoloya gold/silver projects, located in a historically rich mining district in Parral, Mexico [6]. Company Overview - Kingsmen Resources is a publicly-traded mineral exploration company headquartered in Vancouver, British Columbia, with a focus on high-grade silver and gold deposits [6]. - The company also holds a 1% NSR on the La Trini claims, which are part of the Los Ricos North project operated by GoGold Resources Inc. in Mexico [6].