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Mogotes Metals Inc. ( (TSE:MOG) ) has issued an update.
Mogotes Metals Inc. has arranged a C$10 million bought deal private placement led by Stifel Canada, issuing 31.25 million 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 an additional underwriters’ option for 4.69 million units. The financing, to be conducted under the listed issuer financing exemption in most Canadian provinces and via private placement in certain foreign jurisdictions, will fund exploration and development at the company’s Filo Sur property and general working capital, while underwriters will receive a 6% cash commission and compensation warrants, with closing targeted around January 22, 2026 subject to regulatory approvals.
More about Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company focused on advancing its Filo Sur property, with activities centered on exploration work programs and project development within the mining sector.
Average Trading Volume: 430,062
Technical Sentiment Signal: Buy
Current Market Cap: C$142.2M
See more insights into MOG stock on TipRanks’ Stock Analysis page.