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Meridian Announces LIFE Offering of up to C$50 Million
Meridian Announces LIFE Offering of up to C$50 Million Canada NewsWire /NOT F...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n\n\n\n Meridian Announces LIFE Offering of up to C$50 Million\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 NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n LONDON\n \n\n ,\n \n\n July 24, 2025\n \n\n /CNW/ - Meridian Mining UK S (TSX: MNO), (Frankfurt: N2E) (\"\n \n Meridian\n \n \" or the \"\n \n Company\n \n \")  is pleased to announce that it has entered into an agreement with Stifel, BMO Capital Markets and Beacon Securities Limited (the \"\n \n Co-Lead Agents\n \n \"), for and on behalf of a syndicate of agents (together with the Co-Lead Agents, the \"\n \n Agents\n \n \"), in connection with a \"best-efforts\" private placement of up to 64,102,564 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of\n \n C$0.78\n \n per Common Share (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of up to\n \n C$50\n \n million (the \"\n \n Offering\n \n \"), with the Common Shares to be issued pursuant to the Listed Issuer Financing Exemption (as defined below).\n \n\n The Company intends to use the net proceeds of the Offering to advance the definitive feasibility study  for its Cabaçal Au-Cu project (\"Cabaçal\"), to continue to advance Santa Helena to an initial resource, to expand regional exploration programs on the wider Cabaçal VMS Belt and for general corporate and administration costs and general working capital.\n \n\n The Offering is expected to close on or about\n \n August 7, 2025\n \n and is subject to customary closing conditions of this nature, including but not limited to, the Company receiving all necessary regulatory approvals, including the conditional approval from the Toronto Stock Exchange.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \"), the Common Shares will be offered for sale to ...