Meridian Announces Upsize of Non-Brokered Private Placement to up to CAD 17 Million
Meridian Mining has announced an increase in its non-brokered private placement from CAD 10M to CAD 17M due to substantial interest. The company will issue up to 43,589,744 Common Shares at CAD 0.39 per share.
The net proceeds will be used to advance Cabaçal's PFS, initiate the FS and related programs, resource and exploration activities of the Cabaçal Au-Cu-Ag VMS belt, regional targeting, and working capital. Finder's Fees may apply to a portion of the placement.
The Private Placement is expected to close during the week of February 17, 2025, subject to regulatory approvals including Toronto Stock Exchange acceptance. Securities issued will have a four-month hold period under Canadian securities laws.
Meridian Mining ha annunciato un aumento del suo collocamento privato non intermediato da 10 milioni di dollari canadesi a 17 milioni di dollari canadesi grazie a un notevole interesse. La società emetterà fino a 43.589.744 azioni ordinarie a 0,39 dollari canadesi per azione.
I proventi netti saranno utilizzati per avanzare il PFS di Cabaçal, avviare lo FS e i programmi correlati, le attività di risorse e esplorazione della cintura VMS Au-Cu-Ag di Cabaçal, la pianificazione regionale e il capitale circolante. Possono essere applicate commissioni di intermediazione su una parte del collocamento.
Il collocamento privato è previsto per chiudere durante la settimana del 17 febbraio 2025, soggetto alle approvazioni normative, incluso l'accettazione da parte della Borsa di Toronto. I titoli emessi avranno un periodo di blocco di quattro mesi ai sensi delle leggi sui valori mobiliari canadesi.
Meridian Mining ha anunciado un aumento en su colocación privada no intermediada de 10 millones de dólares canadienses a 17 millones de dólares canadienses debido a un interés considerable. La empresa emitirá hasta 43,589,744 acciones ordinarias a 0,39 dólares canadienses por acción.
Los ingresos netos se utilizarán para avanzar en el PFS de Cabaçal, iniciar el FS y los programas relacionados, así como las actividades de recursos y exploración de la cinturón VMS Au-Cu-Ag de Cabaçal, la focalización regional y el capital de trabajo. Pueden aplicarse comisiones de intermediación a una parte del colocación.
Se espera que el colocación privada se cierre durante la semana del 17 de febrero de 2025, sujeto a aprobaciones regulatorias, incluida la aceptación de la Bolsa de Valores de Toronto. Los valores emitidos tendrán un período de retención de cuatro meses según las leyes de valores canadienses.
Meridian Mining은 상당한 관심으로 인해 비중개 프라이빗 플래스먼트를 1천만 캐나다 달러에서 1천7백만 캐나다 달러로 늘렸다고 발표했습니다. 회사는 주당 0.39 캐나다 달러에 최대 43,589,744주의 보통주를 발행할 예정입니다.
순수익은 Cabaçal의 PFS를 진행하고 FS 및 관련 프로그램, Cabaçal Au-Cu-Ag VMS 벨트의 자원 및 탐사 활동, 지역 타겟팅 및 운영 자본을 시작하는 데 사용될 것입니다. 배치의 일부에 대해 인센티브 수수료가 적용될 수 있습니다.
프라이빗 플래스먼트는 2025년 2월 17일 주에 마감될 것으로 예상되며, 토론토 증권 거래소의 승인을 포함한 규제 승인에 따라 달라집니다. 발행된 증권은 캐나다 증권법에 따라 4개월의 보유 기간이 있습니다.
Meridian Mining a annoncé une augmentation de son placement privé non intermédié de 10 millions CAD à 17 millions CAD en raison d'un intérêt substantiel. La société émettra jusqu'à 43 589 744 actions ordinaires à 0,39 CAD par action.
Les bénéfices nets seront utilisés pour faire avancer le PFS de Cabaçal, initier le FS et les programmes connexes, les activités de ressources et d'exploration de la ceinture VMS Au-Cu-Ag de Cabaçal, le ciblage régional et le fonds de roulement. Des frais de trouver peuvent s'appliquer à une partie du placement.
Le placement privé devrait se clôturer durant la semaine du 17 février 2025, sous réserve des approbations réglementaires, y compris l'acceptation par la Bourse de Toronto. Les titres émis auront une période de blocage de quatre mois selon les lois canadiennes sur les valeurs mobilières.
Meridian Mining hat eine Erhöhung seiner nicht vermittelten Privatplatzierung von 10 Millionen CAD auf 17 Millionen CAD aufgrund eines erheblichen Interesses angekündigt. Das Unternehmen wird bis zu 43.589.744 Stammaktien zu je 0,39 CAD pro Aktie ausgeben.
Die Nettoerlöse werden verwendet, um Cabaçals PFS voranzutreiben, das FS und verwandte Programme zu initiieren, sowie Ressourcen- und Explorationsaktivitäten des Cabaçal Au-Cu-Ag VMS-Gürtels, regionale Zielsetzungen und Betriebskapital zu unterstützen. Vermittlungsgebühren können auf einen Teil der Platzierung angewendet werden.
Die Privatplatzierung wird voraussichtlich in der Woche vom 17. Februar 2025 abgeschlossen, vorbehaltlich der behördlichen Genehmigungen, einschließlich der Akzeptanz durch die Toronto Stock Exchange. Die ausgegebenen Wertpapiere unterliegen gemäß den kanadischen Wertpapiergesetzen einer viermonatigen Sperrfrist.
- Increased private placement from CAD 10M to CAD 17M due to high investor interest
- Secured substantial funding for PFS advancement and FS initiation
- Strong market demand indicated by upsized offering
- Potential dilution for existing shareholders due to issuance of 43.6M new shares
- Additional finder's fees will reduce net proceeds
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
LONDON, UK / ACCESS Newswire / February 4, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce that due to substantial interest, the non-brokered private placement of common shares (the "Common Shares") at CAD 0.39 per Common Share, announced on January 28, 2025, has been increased from CAD 10M to CAD 17M (the "Private Placement").
Pursuant to the Private Placement, the Company proposes to issue up to 43,589,744 Common Shares for gross proceeds of up to CAD 17,000,000. The net proceeds from the Private Placement are expected to be used in advancing the Cabaçal's PFS, initiate the FS and related programs as well as associated resource and exploration activities of the broader Cabaçal Au-Cu-Ag VMS belt, regional targeting, and for working capital and general corporate purposes. Finder's Fees may be payable on a portion of the Private Placement.
The Private Placement is expected to close during the week of February 17, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the Toronto Stock Exchange.
Securities to be issued pursuant to the Private Placement will be subject to a four-month hold period under applicable securities laws in Canada.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Meridian
Meridian Mining is focused on:
The development and exploration of the advanced stage Cabaçal VMS gold‐copper project;
The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabaçal Hub development strategy;
Regional scale exploration of the Cabaçal VMS belt to expand the Cabaçal Hub strategy; and
Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the State of Mato Grosso, Brazil).
The Preliminary Economic Assessment technical report (the "PEA Technical Report") dated March 30, 2023, entitled: "Cabaçal Gold-Copper Project NI 43-101 Technical Report and Preliminary Economic Assessment, Mato Grosso, Brazil" outlines a base case after-tax NPV5 of USD 573 million and
The Cabaçal Mineral Resource estimate consists of Indicated resources of 52.9 million tonnes at 0.6g/t gold,
Readers are encouraged to read the PEA Technical Report in its entirety. The PEA Technical Report may be found on the Company's website at www.meridianmining.co and under the Company's profile on SEDAR+ at www.sedarplus.ca.
The qualified persons for the PEA Technical Report are: Robert Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering), Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco Engineering), Simon Tear (PGeo, EurGeol), Principal Geological Consultant of H&SC, Marcelo Batelochi, (MAusIMM, CP Geo), Geological Consultant of MB Geologia Ltda, Joseph Keane (Mineral Processing Engineer; P.E), of SGS, and Guilherme Gomides Ferreira (Mine Engineer MAIG) of GE21 Consultoria Mineral.
On behalf of the Board of Directors of Meridian Mining UK S
Mr. Gilbert Clark - CEO and Director
Meridian Mining UK S
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Email: info@meridianmining.co
Ph: +1 778 715-6410 (BST)
Stay up to date by subscribing for news alerts here: https://meridianmining.co/contact/
Follow Meridian on Twitter: https://twitter.com/MeridianMining
Further information can be found at: www.meridianmining.co
Qualified Person
Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101, has reviewed, and verified the technical information in this news release.
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in Meridian's most recent Annual Information Form filed on www.sedarplus.ca. While these factors and assumptions are considered reasonable by Meridian, in light of management's experience and perception of current conditions and expected developments, Meridian can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
SOURCE: Meridian Mining UK S
View the original press release on ACCESS Newswire
FAQ
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