Mercado Minerals Announces $5,500,000 Non-Brokered Private Placement with Lead Orders from Strategic Investors

Executive Summary

• Mercado Minerals announced a non‑brokered private placement of up to 27,500,000 units at C$0.20 per unit, targeting gross proceeds of up to C$5.5 million.
• Each unit consists of one common share and half of a common‑share purchase warrant; warrants are exercisable at C$0.35 for 36 months.
• Proceeds will be used primarily for exploration of the newly acquired Copalito and Zamora properties, further acquisitions, investor‑relations activities, and general working capital.

Key Details

• Units Offered: Up to 27,500,000 units at C$0.20 per unit.
• Gross Proceeds Target: Up to C$5,500,000.
• Unit Composition: 1 common share + ½ warrant (each whole warrant exercisable for one common share).
• Warrant Exercise Price: C$0.35 per share; term of 36 months from issuance.
• Use of Proceeds:
• Exploration of Copalito and Zamora properties.
• Acquisition costs and generation of new project acquisitions.
• Investor‑relations programs.
• General corporate working capital.
• Finder’s Fees: Up to 7% cash and up to 7% in finder’s warrants (same C$0.35 exercise price, 36‑month term).
• Insider Participation: Allowed under the offering.
• Regulatory Exemptions: Relies on MI 61‑101 exemptions; no minority shareholder approval required.
• Holding Period: All securities subject to a four‑month‑and‑one‑day hold period per applicable securities laws.
• Closing Timeline: Expected early December 2025, pending regulatory approvals (including CSE).
• Legal Disclaimer: Offering not registered in the United States; U.S. investors must rely on exemptions or registration.

Notable Quotes

(No direct quotes were provided in the release.)