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Meridian Mining SE ( (TSE:MNO) ) has shared an update.
Meridian Mining has announced an increase in its non-brokered private placement from CAD 10 million to CAD 17 million due to substantial interest, allowing the company to issue up to 43,589,744 common shares. The proceeds will be used to advance the Cabaçal VMS belt projects and for general corporate purposes, potentially strengthening its position in the mining industry and impacting stakeholders by supporting ongoing and future exploration activities.
More about Meridian Mining SE
Meridian Mining is a company focused on the development and exploration of the advanced stage Cabaçal VMS gold-copper project, initial resource definition at the Santa Helena VMS asset, regional scale exploration of the Cabaçal VMS belt, and exploration in the Jaurú and Araputanga Greenstone belts, all located in Mato Grosso, Brazil.
YTD Price Performance: 7.50%
Average Trading Volume: 203,695
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$131.1M
See more data about MNO stock on TipRanks’ Stock Analysis page.
