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The latest update is out from Mogotes Metals Inc. ( (TSE:MOG) ).
Mogotes Metals Inc. has announced the final approval from the TSX Venture Exchange for its non-brokered private placement of 111,200,000 units, raising gross proceeds of $22,240,000. Aster Blue Ltd. acquired 45,000,000 units, representing a significant stake in the company, which could increase to 16.97% upon full warrant exercise. This development is expected to bolster Mogotes’ financial position and enhance its exploration capabilities in the competitive mineral exploration sector.
More about Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company focused on copper and gold exploration in the Vicuña district of Argentina and Chile. Its flagship project, Filo Sur, is strategically located near significant copper-gold-silver discoveries, enhancing its potential within the region.
Average Trading Volume: 548,003
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$62.59M
For detailed information about MOG stock, go to TipRanks’ Stock Analysis page.