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Meridian Announces Upsize of Non-Brokered Private Placement to up to CAD 17 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Announces Upsize of Non-Brokered Private Placement to up to CAD 17 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, UK / ACCESS Newswire / February 4, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) (\"Meridian\" or the \"Company\") is pleased to announce that due to substantial interest, the non-brokered private placement of common shares (the \"Common Shares\") at CAD 0.39 per Common Share, announced on January 28, 2025, has been increased from CAD 10M to CAD 17M (the \"Private Placement\").Pursuant to the Private Placement, the Company proposes to issue up to 43,589,744 Common Shares for gross proceeds of up to CAD 17,000,000. The net proceeds from the Private Placement are expected to be used in advancing the Cabaçal's PFS, initiate the FS and related programs as well as associated resource and exploration activities of the broader Cabaçal Au-Cu-Ag VMS belt, regional targeting, and for working capital and general corporate purposes. Finder's Fees may be payable on a portion of the Private Placement.The Private Placement is expected to close during the week of February 17, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the Toronto Stock Exchange.Securities to be issued pursuant to the Private Placement will be subject to a four-month hold period under applicable securities laws in Canada.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.About MeridianMeridian Mining is focused on:The development and exploration of the advanced stage Cabaçal VMS gold‐copper proj...