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Mogotes Metals Inc. ( (TSE:MOG) ) has provided an announcement.
Mogotes Metals Inc. has closed a C$11.5 million bought deal private placement, issuing 35,937,500 units at C$0.32 per unit, each comprising one common share and half a warrant exercisable at C$0.53 for 36 months, with underwriters fully exercising their option. Led by Stifel Nicolaus Canada and Canaccord Genuity, the financing—conducted under Canada’s listed issuer financing exemption and on a private placement basis in other jurisdictions—provides Mogotes with fresh capital to advance exploration and development at its Filo Sur copper-gold project and for general working capital, subject to final TSX Venture Exchange approval, and underscores investor support for its growth plans in the Vicuña district.
More about Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company focused on copper and gold projects in the prospective Vicuña district spanning Argentina and Chile. Its flagship asset, the Filo Sur project, is located adjacent to the large Filo del Sol copper-gold-silver discovery, positioning the company within a highly active Andean metals exploration corridor.
Average Trading Volume: 484,984
Technical Sentiment Signal: Buy
Current Market Cap: C$159.2M
For a thorough assessment of MOG stock, go to TipRanks’ Stock Analysis page.