Mercado Minerals arranges $5.5-million financing

Executive Summary

• Mercado Minerals Ltd. announced a non‑brokered private placement of up to 27.5 million 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 (exercisable at C$0.35 for 36 months).
• Proceeds will be used for exploration of the newly acquired Copalito and Zamora properties, further acquisitions, investor‑relations activities, and general corporate working capital.

Key Details

• Units Offered: Up to 27.5 million units (each = 1 common share + ½ warrant).
• Price per Unit: C$0.20.
• Maximum Gross Proceeds: C$5.5 million.
• Warrant Terms: Each warrant exercisable at C$0.35 per share for a period of 36 months.
• Lead Orders: Received from strategic investors (non‑brokered).
• 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 (exercisable at C$0.35 for 36 months).
• Insider Participation: Allowed under the offering.
• Regulatory Exemptions: Reliance on Multilateral Instrument 61‑101 exemptions (valuation and minority shareholder approval).
• Holding Period: All securities subject to a four‑month‑plus‑one‑day hold period per applicable securities laws.
• Closing Timeline: Expected early December 2025, pending regulatory approvals from the Canadian Securities Exchange.

Notable Quotes

(No direct quotes were provided in the release.)