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Financings

Mogotes Metals Announces Issuance of Common Shares in Connection with Option Agreement with Compania Minera del Pacifico S.A

By The Northwire Desk — AI Analysis Dec 01, 2025 · 08:37 MOG · 0.303 Mogotes Metals Inc.
MOG · Price

Executive Summary

  • Mogotes Metals Inc. issued 2,310,579 common shares to Compañía Minera del Pacífico S.A. (CMP) as partial payment under their mining option and exploration contract.
  • Shares were priced at $0.3025 each, equal to the TSX Venture Exchange closing price on the prior trading day.
  • The issuance satisfies a portion of CMP’s payment obligation due within 12 months of the Option Agreement execution.

Key Details

  • Shares Issued: 2,310,579 common shares.
  • Issue Price: $0.3025 per share (TSX Venture Exchange closing price on the day before issuance).
  • Total Gross Proceeds (approx.): $698,000 (2,310,579 × $0.3025).
  • Counterparty: Compañía Minera del Pacífico S.A. (CMP).
  • Purpose: To satisfy a portion of CMP’s payment due under the mining option and exploration contract (“Option Agreement”) between CMP, Mogotes Metals Inc., and Mogotes Metals Chile SpA.
  • Payment Timeline: Portion of payment due within 12 months of signing the Option Agreement.
  • Related Filings: References to prior press releases dated January 15 2025 and February 18 2025 for additional context (available on SEDAR+).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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