Business
Mercado Minerals Closes Subsequent Private Placement and Increases Institutional Ownership
Vancouver, BC – TheNewswire - December 4, 2025 – Mercado Minerals Ltd. (CSE: MERC) ("Mercado" or the "Company") is pleased to announce the closing of its non-br
About this update from Mercado Minerals Ltd.
[{"type":"text","content":"Vancouver, BC – TheNewswire - December 4, 2025 – Mercado Minerals Ltd. (CSE: MERC) (\"Mercado\" or the \"Company\") is pleased to announce the closing of its non-brokered private placement financing (the \"Offering\"). In connection with closing of the Offering, the Company issued 5,025,000 (each, a \"Unit\") at a price of C$0.20 per Unit for gross proceeds of C$1,005,000. The Offering included participation and a strategic investment from an institutional fund. After the close of this Offering Mercado is 19.90% held by strategic and institutional investors. Each Unit consists of one common share of the Company (each, a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant is exercisable to acquire an additional Common Share (a \"Warrant Share\") at a price of C$0.35 until December 4, 2028. Finder’s fees of $70,350 were paid in cash and 351,750 finder’s warrants were issued to certain eligible parties in connection with closing of the Offering. Each finder’s warrant is exercisable at C$0.35 until December 4, 2028. All securities issued with respect to the Offering are subject to a four month and a day hold period expiring on April 5, 2026. Proceeds from the Offering will be allocated towards several initiatives, including exploration of the recently acquired properties Copalito and Zamora, acquisition costs, the generation of new project acquisitions, investor relations programs, and general corporate working capital. The Company has entered into an investor relations agreement effective December 4, 2025 (the “Ora IR Agreement”) with Ora IR Services Inc. (“Ora IR”), an arms-length British Columbia-based investor communications and media firm. Under the agreement, Ora IR will provide a full suite of investor relations services, including responding to investor inquiries, handling the company's investor phone line, preparing shareholder communications, co-ordinating investor outreach initiatives, and supporting Mercado’s market visibility and engagement efforts across multiple platforms. Pursuant to the terms of the Ora IR Agreement, such marketing services are to be provided over a 3-month period, for a total fee of C$15,000 plus applicable taxes. The Company does not anticipate issuing any securities to Ora IR in connection with their engagement and, to the kn...