AuMEGA Metals Secures C$7.3M in Private Placement

Matador Mining Ltd (AU:AAM) has released an update.

AuMEGA Metals Ltd has successfully closed its second tranche of private placement financing, raising C$7.3 million through the issuance of over 128 million shares to investors. The funds will primarily support the company’s exploration efforts in Newfoundland and Labrador, including its largest drill program in three years, while also covering early-stage exploration and general corporate needs. This financing follows a previous tranche, bringing total proceeds from the offering to C$16.07 million.

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