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Fredonia Mining Inc ( (TSE:FRED) ) has shared an announcement.
Fredonia Mining Inc. has entered into an agreement with Cormark Securities to conduct a best efforts private placement of up to C$5 million through the sale of 12.5 million units at C$0.40 per unit, each unit comprising one common share and one-half of a warrant exercisable at C$0.56 for 36 months. The financing, which may be upsized by an additional C$1 million at the agent’s option, will fund exploration and advancement of the company’s El Dorado Monserrat project in Argentina and general corporate purposes, and is being conducted under Canada’s listed issuer financing exemption with closing targeted around February 4, 2026, subject to customary regulatory and exchange approvals.
More about Fredonia Mining Inc
Average Trading Volume: 14,803
Technical Sentiment Signal: Sell
Current Market Cap: C$20.3M
Learn more about FRED stock on TipRanks’ Stock Analysis page.