Business
Meridian Closes Capital Raise
Meridian Closes Capital Raise Canada NewsWire LONDON, July 15, 2020 "Succe...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n\n\n\nMeridian Closes Capital Raise\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONDON, July 15, 2020\n\n\n\n\"Successful financing raised C$3.5M\"\n LONDON, July 15, 2020 /CNW/ - Meridian Mining SE (TSXV: MNO) (\"Meridian\" or the \"Company\") is pleased to announce that it has closed its previously announced non-brokered private placement1 of 46,766,666 units (the \"Units\") at a price of C$0.075 per Unit, for gross proceeds of C$3,507,499.95 (the \"Placement\"). The Units consist of a common share (each a \"Common Share\") and a non–transferable common share purchase warrant (each a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price of C$0.11.\nProceeds from the Units will be used for advancing the Espigão copper gold polymetallic advanced exploration project, exploration and resource manganese delineation programs at Mirante da Serra and general working capital. All securities issued in connection with the Placement, including any Common Shares issued upon exercise of the Warrants, are subject to a four month restricted resale period that expires on November 16, 2020.\nA finder's fee was paid in connection with the Placement to finders that include Haywood Securities Inc., and LHC Mine Finance Ltd (London) (collectively the \"Finders\"), that consisted of cash fees in the aggregate amount of C$115,279.50. These fees were based on the number of Units sold to investors introduced by Finders (83.67% of the total equity raised). In addition, a total of 1,962,060 broker warrants have been issued to certain Finders. The terms of the broker warrants are identical to the terms of the Warrants...