- Medaro Mining (MEDA) has announced an increase in the amount it intends to raise through its private placement of flow-through units
- The company intends to issue up to 5,714,285 FT units at a price of $0.70 per unit for aggregate gross proceeds of up to $4,000,000
- Net proceeds of the financing will be used to fund exploration at its properties in Ontario, Quebec and Saskatchewan
- Medaro Mining is a Canadian-based lithium exploration company that holds options on several lithium properties
- Medaro Mining Corp. (MEDA) opened trading at C$0.83 per share
Medaro Mining (MEDA) has announced an increase in the amount it intends to raise through its private placement of flow-through (FT) units.
The company intends to issue up to 5,714,285 FT units at a price of $0.70 per unit for aggregate gross proceeds of up to $4,000,000.
Each FT unit will consist of one common share, issued on a flow-through basis and one-half of one common share purchase warrant. Each whole warrant will be exercisable at $0.90 per share for up to two years.
Net proceeds of the financing will be used to fund exploration at its properties in Ontario, Quebec and Saskatchewan. All securities issued will be subject to a four-month and one day hold period under applicable securities laws.
Medaro Mining is a Canadian-based lithium exploration company that holds options on several lithium properties across the country.
Medaro Mining Corp. (MEDA) opened trading at C$0.83 per share.