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Mercado Minerals Upsizes Private Placement Amid Strong Investor Demand

Story Highlights
  • Mercado Minerals Ltd. focuses on acquiring and exploring mineral properties in the Americas.
  • The company upsizes its private placement to raise C$5,598,000 for exploration and corporate activities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mercado Minerals Upsizes Private Placement Amid Strong Investor Demand

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Heartfield Mining Corp. ( (TSE:MERC) ) just unveiled an update.

Mercado Minerals Ltd. has announced an upsizing of its non-brokered private placement due to strong investor interest, offering 27,990,000 units at C$0.20 per unit for gross proceeds of up to C$5,598,000. The proceeds will be used for exploration of newly acquired properties, acquisition costs, new project generation, investor relations, and general corporate working capital, reflecting the company’s strategic focus on expanding its exploration activities and strengthening its market position.

More about Heartfield Mining Corp.

Mercado Minerals Ltd. (CSE: MERC) is a company engaged in acquiring and exploring mineral properties across the Americas, with a focus on the exploration and evaluation of the Porter Property in British Columbia’s Alberni Mining Divisions.

Average Trading Volume: 75,352

Technical Sentiment Signal: Buy

Find detailed analytics on MERC stock on TipRanks’ Stock Analysis page.

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