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METALLIC MINERALS ANNOUNCES C$5M BEST EFFORTS PRIVATE PLACEMENT
METALLIC MINERALS ANNOUNCES C$5M BEST EFFORTS PRIVATE PLACEMENT Canada NewsWire ...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"\n\n\n\n METALLIC MINERALS ANNOUNCES C$5M BEST EFFORTS PRIVATE PLACEMENT\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 NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . NOT AN OFFER OF SECURITIES FOR SALE IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 23, 2025\n \n\n /CNW/ -\n \n Metallic Minerals Corp.\n \n (TSXV: MMG) (OTCQB: MMNGF) (\"\n \n Metallic Minerals\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. as lead agent, on behalf of a syndicate of agents (collectively, the \"\n \n Agents\n \n \") in connection with a \"best efforts\" private placement for aggregate gross proceeds of\n \n C$5 million\n \n (the \"\n \n Offering\n \n \").\n \n\n The Offering will consist of the issuance and sale of 20,833,400 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.24\n \n per Unit (the \"\n \n Issue Price\n \n \"). Each Unit will consist of one common share of the Company (each, a \"\n \n Unit Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n C$0.34\n \n at any time before\n \n 5:00 p.m.\n \n (\n \n Toronto\n \n time) on the date that is 24 months following the Closing Date (as defined below).\n \n\n The Company has granted the Agents an option, exercisable in whole or in part, at any time prior to Closing Date, to sell up to an additional 4,166,700 Units at the Issue Price for additional gross proceeds of up to\n \n C$1,000,008\n \n .\n \n\n The Company intends to use the net proceeds from the Offering to advance exploration in and around defined mineral resource at the\n \n La Plata\n \n copper-silver-gold-PGE project, to test new priority targets and to deliver an updated NI 43-101 mineral r...