Business
Meryllion Resources Closes Second Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Corporation") is pleased to announce that it has closed a second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to this Second Tranche, the Corporation issued a total of 5,875,000 common shares in the capital stock of the Corporation (the "Common Shares") at a price of $0.05 per Common...
About this update from Meryllion Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Corporation") is pleased to announce that it has closed a second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to this Second Tranche, the Corporation issued a total of 5,875,000 common shares in the capital stock of the Corporation (the "Common Shares") at a price of $0.05 per Common Share for gross proceeds of $293,750. Together with the first tranche which closed on December 23, 2015, the Corporation has raised total gross proceeds of $575,750 pursuant to the Private Placement.","length":746,"tagName":"p"},{"type":"text","content":"The Private Placement is subject to final acceptance of the Canadian Securities Exchange (the "CSE"). All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day from the date of issuance.","length":250,"tagName":"p"},{"type":"text","content":"The proceeds from the Private Placement will be used by Meryllion to fund exploration activities and for working capital purposes.","length":130,"tagName":"p"},{"type":"text","content":"Meryllion CEO, Richard Revelins, commented: "We thank our existing shareholders for their ongoing support and participation in this fundraising. We also welcome the participation from new and highly experienced mining investors who have joined the company as new shareholders. Meryllion will shortly be commencing a drilling campaign at its ionic adsorption clay hosted rare earths project, located in northeastern Tasmania. We are highly encouraged by the excellent recent drilling and recovery results announced by our neighbours, ABX Resources. With the growing world focus on rare earth elements and critical metals we are looking forward to getting into the field and commencing drilling." ","length":704,"tagName":"p"},{"type":"text","content":"Certain insiders of the Corporation participated in the Second Tranche for an aggregate of $200,000. The issuance of Common Shares to insiders constitutes a related-party transaction within the meaning of Multi-Lateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61...