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Financings

Fredonia Mining arranges $5-million private placement

By The Northwire Desk — AI Analysis Jan 23, 2026 · 15:31 FRED · 0.45 Fredonia Mining Inc.
FRED · Price

Executive Summary

  • Fredonia Mining Inc. announced a best-efforts private placement to raise up to C$5 million in gross proceeds.
  • The offering consists of 12.5 million units priced at C$0.40 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
  • Net proceeds are intended for the exploration and advancement of the El Dorado-Monserrat project in Argentina and for general corporate and working capital purposes.

Key Details

  • Gross Proceeds: Up to approximately C$5 million.
  • Unit Price: C$0.40 per unit.
  • Units Issued: 12.5 million units.
  • Warrant Terms: Each unit includes one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of C$0.56.
  • Warrant Expiry: 36 months following the closing date.
  • Over-Allotment Option: The sole agent has an option to increase the offering size by up to C$1 million (raising additional gross proceeds) prior to the closing date.
  • Use of Proceeds: Exploration and advancement of the El Dorado-Monserrat project (Santa Cruz province, Argentina) and general corporate/working capital purposes.
  • Regulatory Framework: Conducted pursuant to Section 5A.2 of National Instrument 45-106 (Listed Issuer Financing Exemption).
  • Jurisdictions: Canada (excluding Quebec), United States, and other jurisdictions outside Canada and the US.
  • Hold Period: No hold period in Canada for unit shares, warrant shares, or shares issued upon exercise of warrants.
  • Expected Closing Date: On or about February 4, 2026.
  • Final Closing Deadline: No later than the 45th day following the date of the news release for units issued under the listed issuer financing exemption.
  • Conditions Precedent: Negotiation of an agency agreement and receipt of necessary approvals, including TSX Venture Exchange approval (if applicable).
  • Sole Agent: Cormark Securities Inc.

Notable Quotes

  • No direct quotes from management were included in the provided text.
Read the original news release →

More from Fredonia Mining Inc.

Nov 09, 2026 · 07:00

Fredonia appoints an ex-ArcelorMittal executive to lead the El Dorado-Monserrat project toward a pre-feasibility study.

Management Nov 02, 2026 · 07:00

Fredonia Confirms Continuity of Gold/Silver Mineralization and the Potential Expansion of the Conceptual EDM Mine Plan at Herradura Hill

Drill Results Oct 08, 2026 · 03:59

Fredonia’s NI 43-101 filing confirms the August PEA, raising capital while development CAPEX looms.

Technical Study Sep 23, 2026 · 09:24

Fredonia closes a C$11.5 million bought deal after withdrawing a warrant price cut to preserve its capital structure.

Financings Sep 14, 2026 · 07:24

Fredonia’s EDM preliminary economic assessment yields a $1.5 billion net present value, while a C$10 million financing round highlights ongoing dilution risks.

Financings Aug 31, 2026 · 10:16

Fredonia’s EDM preliminary economic assessment yields a $1.5 billion net present value despite lacking reserves and relying on 36% inferred feed.

Resource Estimate