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Miata Metals Announces Closing of $11.5 Million Public Offering Including Full Exercise of the Over-Allotment Option
Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE:MMET) (FSE: 8NQ) (OTCQB: MMETF) (“Miata” or the “Company”) is pleased to announce that it has closed its previously announced short form prospectus offering (the “Offering”) of common shares of the Company (“Common Shares”). The Company issued a total of 23,958,500 Common Shares at a price of $0.48 per share for g
About this update from Miata Metals Corp.
[{"type":"image","alt":"Miata Metals Corp","displaySize":"","headline":null,"caption":"Miata Metals Corp","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":68,"url":"https://media.zenfs.com/en/globenewswire.com/f97ec7da3f4dbf639f5031fb7d9edfc3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/p0B2oFM.r5TBCtERoIQkIA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/f97ec7da3f4dbf639f5031fb7d9edfc3","width":300,"height":68}},"lazy":false},{"type":"text","content":"Not for distribution to United States newswire services or for dissemination in the United States","length":97,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE:MMET) (FSE: 8NQ) (OTCQB: MMETF) (“Miata” or the “Company”) is pleased to announce that it has closed its previously announced short form prospectus offering (the “Offering”) of common shares of the Company (“Common Shares”). The Company issued a total of 23,958,500 Common Shares at a price of $0.48 per share for gross proceeds of $11,500,080, inclusive of the full exercise of the over-allotment option.","length":492,"tagName":"p"},{"type":"text","content":"The Common Shares were offered by way of a short form prospectus dated December 3, 2025 (the “Prospectus”) filed with the securities regulatory authorities in each of the provinces of Canada, other then the province of Québec, and in such other jurisdictions pursuant to applicable exemptions under applicable securities laws.","length":326,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering for exploration activities on its Sela Creek project in Suriname and for general working capital and corporate purposes as further described in the Prospectus.","length":221,"tagName":"p"},{"type":"text","content":"“The closing of this Offering represents a significant milestone for Miata,” stated Dr. Jaap Verbaas, CEO of Miata. Dr. Verbaas continued, “We’re extremely encouraged by the strong institutional demand for this Offering, which has added more meaningful depth to our shareholder base. With a bona fide discovery in hand at Jon’s Trend, and four other targets with encouraging drill results at Sela Creek, we look forward to advancing our fully-funded work program for 2026, which should s...