sur Metallic Minerals Corp. (CVE:MMG)
Metallic Minerals Completes C$10.3 Million Private Placement
Metallic Minerals Corp. has finalized its "bought deal" private placement, raising C$10,294,335.80. This financing saw the sale of 18,906,985 units and 12,988,000 flow-through units at prices of C$0.28 and C$0.385 per unit, respectively. Red Cloud Securities led the underwriting, supported by a syndicate including ATB Capital Markets and Integrity Capital Group.
The proceeds will facilitate exploration at the La Plata Project in Colorado and the Keno Silver Project in the Yukon Territory. The funds will also cover general corporate purposes. CEO Greg Johnson highlighted investor interest as a sign of confidence in the company's mineral portfolio and strategic direction, focusing on copper, silver, and critical minerals.
Underwriter services were compensated with cash fees and 1,747,627 broker warrants. The success of this placement underscores Metallic Minerals' strong market presence and exploration potential.
R. H.
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