Capitan Mining (TSXV:CAPT) upsizes private placement to C$3.2M

• Capitan Mining (CAPT) has upsized its non-brokered private placement from $3 million to $3.2 million
• The company will issue up to 16,000,000 shares at $0.20 per share
• Net proceeds will be used to advance drilling and work programs at the Cruz de Plata silver & gold project
• Capitan Mining Inc. is a junior exploration company focused on its 100-per-cent-owned gold and silver Cruz de Plata Silver and Gold Project in Durango, Mexico
• Capitan Mining Inc. (CAPT) ended the day down 8.33 per cent at 0.22 per share

Capitan Mining (CAPT) has upsized its previously-announced non-brokered private placement from $3 million to $3.2 million.

The company will issue up to 16,000,000 shares at $0.20 per share.

Net proceeds will be used to advance drilling and work programs at the Cruz de Plata silver & gold project in addition to funding working capital.

The offering is expected to close on or about October 21^st, 2022.

All securities issued will be subject to a statutory four-month hold period.

Capitan Mining Inc. is a junior exploration company focused on its 100-per-cent-owned gold and silver Cruz de Plata Silver and Gold Project in Durango, Mexico.

Capitan Mining Inc. (CAPT) ended the day down 8.33 per cent at 0.22 per share.