Business
Medaro Announces Closing of LIFE Private Placement Offering
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce that, further to its news release on December 8, 2025, the Company has closed its LIFE private placement offering (the "Offering"), issuing a total of 3,742,786 units of the Company ("Units") at a price of $0.14 per Unit for aggregate gross proceeds of approximately $523,990.04.Each Unit consists of one common share in the.
About this update from Medaro Mining Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce that, further to its news release on December 8, 2025, the Company has closed its LIFE private placement offering (the "Offering"), issuing a total of 3,742,786 units of the Company ("Units") at a price of $0.14 per Unit for aggregate gross proceeds of approximately $523,990.04.","length":494,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share in the capital of the Company (a "Share") and one common share purchase warrant of the Company (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.17 for a period of twenty-four (24) months from the date of issuance, provided the Warrants may not be exercised for a period of 60 days from the date of issuance.","length":431,"tagName":"p"},{"type":"text","content":"The Units were issued on a private placement basis pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption"). Accordingly, the Units will not be subject to a hold period in accordance with applicable Canadian securities laws.","length":485,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid an aggregate $2,940 in cash finder's fees and issued 21,000 finders warrants to Research Capital Corporation ("RCC"), and paid an aggregate $3,430 in cash finders fees and issued 24,500 finders warrants to Ventum Financial Corp ("Ventum").","length":313,"tagName":"p"},{"type":"text","content":"In connection with the use of proceeds from the Offering, the Company immediately paid $35,000 in cash to Treewalk Ventures Inc. ("Treewalk"), a consulting company controlled by Alexander McAulay, the Company's Chief Financial Officer, to partially settle an outstanding and bona fide debt. Following this payment and the cash finders fees payable to RCC and Ventum, the Company received aggregate net proceed...