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Mogotes Metals Inc. ( (TSE:MOG) ) has shared an announcement.
Mogotes Metals Inc. has launched a non-brokered private placement of up to C$19 million through the issuance of 71.7 million units priced at C$0.265, each consisting of one common share and half a warrant exercisable at C$0.53 for three years, with proceeds earmarked for general corporate and working capital purposes. A cornerstone C$15 million investment from CD Capital Fund IV will make the private equity firm a significant shareholder, grant it various investor rights, and add its founder, prominent mining investor Carmel Daniele, to Mogotes’ board, strengthening Mogotes’ strategic backing and sector expertise as it advances its Filo Sur project next to one of the world’s largest recent copper discoveries.
More about Mogotes Metals Inc.
Mogotes Metals Inc. is a Toronto-based mining company focused on mineral exploration, including its Filo Sur project adjacent to the Filo del Sol copper discovery in South America. The company operates in the metals and mining sector, targeting minerals considered critical to technological development and the energy transition.
Average Trading Volume: 423,856
Technical Sentiment Signal: Buy
Current Market Cap: C$111.8M
For detailed information about MOG stock, go to TipRanks’ Stock Analysis page.