on Metallic Minerals Corp. (CVE:MMG)
Metallic Minerals Completes C$6 Million Private Placement
Metallic Minerals Corp. has successfully raised C$6 million through a brokered private placement, selling 25 million units at C$0.24 each. Each unit includes one common share and half a warrant, with whole warrants exercisable at C$0.34 until July 2027. Cormark Securities, Canaccord Genuity, SCP Resource Finance, and Beacon Securities acted as agents.
The proceeds will support exploration at Metallic's La Plata copper-silver-gold-PGE project in Colorado and the Keno Silver project in Yukon. Newmont Corporation plans to maintain its proportional stake through an upcoming non-brokered placement, exempt from certain regulatory requirements.
Agents received C$247,530.24 and over a million broker warrants as compensation. Additional finder fees amounted to C$29,000.
R. E.
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