Mercado Minerals Closes Private Placement and Welcomes Vizsla Silver as a Strategic Shareholder

Executive Summary

• Mercado Minerals closed a non‑brokered private placement, issuing 27,990,000 units at C$0.20 each for gross proceeds of C$5.598 million.
• The financing includes participation from strategic investor Vizsla Silver Corp and will fund exploration of the newly acquired Copalito and Zamora properties, acquisition costs, new project generation, IR programs, and general working capital.
• Units consist of one common share and half a warrant (full warrant exercisable at C$0.35 until 28 Nov 2028); finder’s fees of $218,400 were paid in cash and 1,074,500 finder’s warrants issued.

Key Details

• Units Issued: 27,990,000 units @ C$0.20 per unit → Gross proceeds: C$5,598,000.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant exercisable at C$0.35).
• Warrant Terms: Exercise price C$0.35 per share; expiry 28 Nov 2028.
• Strategic Investor: Vizsla Silver Corp participated as a shareholder in the placement.
• Finder’s Compensation: $218,400 paid in cash plus issuance of 1,074,500 finder’s warrants (exercise price C$0.35, expiry 28 Nov 2028).
• Holding Period: All securities subject to a four‑month‑and‑one‑day hold period expiring 29 Mar 2026.
• Use of Proceeds:
• Exploration of recently acquired Copalito and Zamora properties.
• Acquisition costs for additional assets.
• Generation of new project acquisitions.
• Investor relations programs.
• General corporate working capital.

Notable Quotes

“We received overwhelming support in this financing, and I am excited to start advancing Copalito and Zamora as we strive to become a premier explorer focused on the under explored western margin of the Sierra Madre. I would like to welcome Vizsla as a shareholder and I am looking forward to their support as we grow.” – Daniel Rodriguez, CEO & Director

All boilerplate, safe‑harbor language, and company background have been omitted for brevity.