Business
MOGOTES METALS ANNOUNCES $10 MILLION BOUGHT DEAL FINANCING
Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Canada pursuant to which Stifel Canada will act as sole bookrunner, together with a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement offering of 31,250,000 units of the Company (the "Units") at a price of C$0.32 per Unit (the "Issue Price") for aggregate gross proceeds of C
About this update from Stifel Financial Corporation
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Jan. 6, 2026 /CNW/ - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Canada pursuant to which Stifel Canada will act as sole bookrunner, together with a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement offering of 31,250,000 units of the Company (the "Units") at a price of C$0.32 per Unit (the "Issue Price") for aggregate gross proceeds of C$10,000,000 (the "Offering"), with the Units to be offered and sold pursuant to the Listed Issuer Financing Exemption (as defined herein).","length":748,"tagName":"p"},{"type":"text","content":"The Company has granted the Underwriters an option (the "Underwriters' Option") to purchase (or arrange for substituted purchasers to purchase) up to an additional 4,687,500 Units at the Issue Price on the same terms and conditions as the Offering. The Underwriters' Option will be exercisable, in whole or in part, at any time up until 48 hours prior to the closing of the Offering.","length":401,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share (a "Common Share") and one-half (0.5) of one Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$0.53 per common share.","length":371,"tagName":"p"},{"type":"text","content":"The net proceeds of the Offering shall be used for funding the Company's exploration work programs and development of the Company's Filo Sur property, and general working capital purposes as further described in the Offering Document.","length":242,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in...