Montero Mining Seeks $1.3 Million in Share Offering

Montero Mining and Exploration (TSE:MON) has released an update.

Montero Mining and Exploration Ltd. has announced a non-brokered private placement aimed at raising $1.3 million by offering common shares at $0.27 each. The capital raised will support general corporate and working capital needs, with the offering contingent on regulatory approvals. Montero’s efforts reflect ongoing initiatives to strengthen its financial structure amidst arbitration proceedings and seeking partnerships for its Chilean project.

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