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Meridian Announces Closing of Brokered Private Placement
Meridian Announces Closing of Brokered Private Placement Canada NewsWire ...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n \n \n \n Meridian Announces Closing of Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n LONDON\n \n ,\n \n Oct. 19, 2021\n \n /CNW/ - Meridian Mining UK Societas (TSXV: MNO) (\n \n FRANKFURT\n \n : 2MM) (Tradegate: 2MM) (OTCQB: MRRDF) (\"\n \n Meridian\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed the brokered private placement previously announced on\n \n September 28, 2021\n \n for gross proceeds to the Company of\n \n $10,384,500\n \n , which included the full exercise of the agents' option (the \"\n \n Offering\n \n \"). Pursuant to the Offering, the Company issued 14,835,000 common shares of the Company (the \"\n \n Shares\n \n \") at a price of\n \n $0.70\n \n per Share.\n \n \n \n \n \n \n \n \n \n Beacon Securities Limited acted as lead agent and sole bookrunner on behalf of a syndicate of agents which included PI Financial Corp., CIBC World Markets Inc. and Cormark Securities Inc. (collectively, the \"\n \n Agents\n \n \"). In connection with the Offering, the Agents received a cash commission in an amount equal to 6% of the gross proceeds from the Offering, excluding proceeds from the Company's president's list, which was not subject to any commission.\n \n \n The net proceeds from the Offering will be used to advance the Company's camp scale Cabaçal VMS Copper-Gold-Silver Project in\n \n Mato Grosso, Brazil\n \n , and for working capital and general corporate purposes.\n \n \n The Shares issued pursuant to the Offering are subject to a statutory hold period expiring on\n \n February 20\n \n , 2022.  The Offering remains subject to final acceptance by the TSX Venture Exchange (the \"\n \n TSXV\n \n \").\n \n \n The Offering included a subscription from a director and officer of the Company for an aggregate of 72,000 Shares. The issuance of Shares to a director and officer of the...