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VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE:MMET) (FSE: 8NQ) ("Miata" or the "Company") is pleased to announce the upsize of its previously announced brokered private placement offering (the "Offering") of units of the Company (each a "Unit") to up to 10,623,600 Units of the Company at a price of $0.60 per Unit for aggregate gross proceeds to the Company of up to $6,374,160. Each Unit shall consist of one common share of the Company (each a "Share") and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant shall entitle the holder to purchase one Share at a price of $0.90 for a period of 24 months following the Closing Date. The Offering is being conducted by a syndicate led by Clarus Securities Inc. ("Clarus") and PowerOne Capital Markets Limited (together with Clarus, the "Lead Agents"). The net proceeds raised from the Offering will be used for the continued exploration and advancement of the Company's exploration program on its mineral properties and for general working capital and corporate purposes.
The Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to ...
