Meridian Mining Se (TSE:MNO) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Meridian Mining UK S has launched a $15 million public offering through a syndicate led by Beacon Securities Limited and BMO Capital Markets, selling over 42 million common shares at $0.35 each. The company plans to use the proceeds for advancing its Cabaçal project, including a pre-feasibility study, drilling, exploration, and general corporate purposes. The offering is set to close around April 9, 2024, subject to regulatory approvals, including from the Toronto Stock Exchange.
For further insights into TSE:MNO stock, check out TipRanks’ Stock Analysis page.