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Metalero Mining (MLO) Announces $300,000 Private Placement to Advance Benson Project
Edmonton, Alberta--(Newsfile Corp. - September 25, 2025) - Metalero Mining Corp. (TSXV: MLO) (O...
About this update from Metalero Mining Corp
[{"type":"text","content":"Metalero Mining (MLO) Announces $300,000 Private Placement to Advance Benson ProjectEdmonton, Alberta--(Newsfile Corp. - September 25, 2025) - Metalero Mining Corp. (TSXV: MLO) (OTC Pink: CRTTF) (\"Metalero\" or the \"Company\") is pleased to announce a non-brokered private placement (the \"Offering\") for gross proceeds of up to $300,000 to fund the next phase of work on its flagship Benson Project, located in the prolific Quesnel Trough of central British Columbia. \"Our recently reported copper and gold soil anomalies at Cantin have generated a lot of interest in Benson alongside an abundance of exploration and deal activity in the Quesnel Trough as a whole,\" stated Rob L'Heureux, President & CEO of Metalero Mining. \"With outstanding prospectivity at Benson and a buoyant market we have an opportunity to significantly advance the project with minimal dilution and a strategic scope of work this fall.\"The Offering will consist of up to 1,250,000 flow-through units (the \"FT Units\") at a price of $0.24 per FT Unit. Each FT Unit will consist of one (1) flow-through common share (a \"FT Share\") and one (1) flow-through common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one (1) additional FT Share at a price of $0.40 for one (1) year from the date of issuance. All FT Shares offered in connection with this Offering qualify as a \"flow-through share\" within the meaning of the Income Tax Act (Canada) (the \"Tax Act\"). For subscribers who are qualifying individuals under the Income Tax Act (British Columbia) (the \"BC Tax Act\"), these expenditures will also qualify as \"BC flow-through mining expenditures\", as defined in section 4.721(1) of the BC Tax Act.The proceeds will be used to support the Fall 2025 exploration work at Benson including further sampling and ground geophysics.The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities issued will have a hold period of four months and one day from the closing of the Offering.Benson Project BackgroundMetalero has signed a binding Letter of Intent (\"LOI\") to acquire 100% of the Benson Project which is strategically located in the Quesnel Trough, one of Canada's most important mineral belts. The Quesnel Tro...