Financings
Mogotes issues 2.31 million shares to Compania Minera

MOG · Price
Executive Summary
- Mogotes Metals Inc. issued 2,310,579 common shares to Compania Minera del Pacífico S.A. (CMP) as partial payment under a mining option and exploration contract.
- The shares were priced at C$0.3025 each, equal to the TSX Venture Exchange closing price on the trading day prior to issuance.
- The transaction satisfies a portion of CMP’s payment obligation due within 12 months of signing the option agreement.
Key Details
- Shares Issued: 2,310,579 common shares transferred to CMP.
- Issue Price: C$0.3025 per share (closing price on TSX Venture Exchange the day before issuance).
- Purpose: To satisfy a portion of the payment due to CMP under the mining option and exploration contract between CMP, Mogotes Metals Inc., and Mogotes Metals Chile SpA.
- Payment Timeline: The obligation is payable within 12 months from the signing date of the option agreement.
- Related Filings: Refer to prior news releases dated Jan. 15 2025 and Feb. 18 2025, available on SEDAR+.
Notable Quotes
(No quotes were provided in the release.)
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