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Mogotes Metals Inc. ( (TSE:MOG) ) just unveiled an announcement.
Mogotes Metals Inc. has successfully closed the first tranche of its non-brokered private placement, raising $7,132,000 through the issuance of 35,660,000 units. Due to strong investor demand, the company has increased the offering size to up to 110,000,000 units, potentially raising $22,000,000. The proceeds will fund exploration and development of the Filo Sur property and general working capital. The offering is subject to regulatory approvals, including from the TSX Venture Exchange.
More about Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company focusing on copper and gold in the Vicuña district of Argentina and Chile. Their flagship project, Filo Sur, is strategically located near significant copper-gold-silver discoveries, enhancing its potential in the mineral-rich region.
Average Trading Volume: 426,228
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$47.45M
See more data about MOG stock on TipRanks’ Stock Analysis page.