Northwire Canada EditionFriday, November 13, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Financings

Medaro Mining closes $523,990 private placement

By The Northwire Desk — AI Analysis Jan 07, 2026 · 00:24 MEDA · 0.44 Medaro Mining Corp
MEDA · Price

Executive Summary

  • Medaro Mining Corp. has closed its LIFE (Listed Issuer Financing Exemption) private placement offering, raising approximately $524,000 in gross proceeds.
  • The company issued 3,742,786 units at $0.14 per unit, with each unit comprising one common share and one common share purchase warrant.
  • A portion of the net proceeds ($35,000) was immediately used to settle a debt owed to Treewalk Ventures Inc., a related party controlled by the company's CFO, constituting a related party transaction.

Key Details

  • Offering Structure: Closed LIFE private placement offering.
  • Units Issued: 3,742,786 units.
  • Price: $0.14 per unit.
  • Gross Proceeds: Approximately $523,990.04.
  • Warrant Terms: Each unit includes one common share purchase warrant.
    • Exercise Price: $0.17 per share.
    • Term: 24 months from issuance.
    • Hold Period: Warrants cannot be exercised for 60 days from issuance.
    • Hold Period for Units: No hold period applies under Canadian securities laws due to the LIFE exemption.
  • Finder’s Fees:
    • Research Capital Corp. (RCC): $2,940 in cash fees and 21,000 finder warrants.
    • Ventum Financial Corp.: $3,430 in cash fees and 24,500 finder warrants.
  • Use of Proceeds & Related Party Transaction:
    • Debt Settlement: $35,000 paid to Treewalk Ventures Inc. (controlled by CFO Alexander McAulay) to partially settle an outstanding bona fide debt.
    • Treewalk Participation: Treewalk acquired 250,000 shares in the offering.
    • Exemptions: Relied on exemptions from formal valuation (MI 61-101 Section 5.5(b)) and minority approval (MI 61-101 Section 5.7(1)(a)) as the transaction value did not exceed 25% of market capitalization.
    • Net Proceeds: Approximately $482,620.04 after fees and debt settlement.
    • Allocation: Advancing exploration at Pontax and Cyr South lithium properties, general corporate purposes, and administrative expenses.

Notable Quotes

  • None provided in the text.
Read the original news release →

More from Medaro Mining Corp

Jun 17, 2026 · 06:01

Medaro Mining Commences Airborne Geophysical Survey at Clay Howells West REE Property, Ontario

Drill Results Jun 09, 2026 · 06:01

Medaro Mining Commences Ground Fieldwork at Clay Howells West Rare Earth Element Project, Ontario

Drill Results May 28, 2026 · 06:01

Medaro Mining Secures High-Grade Copper and Gold Assays in Sweden, Yet Permit Transfer Risks Loom

Drill Results May 19, 2026 · 06:01

Medaro Advances Ontario REE Targets Following Sweden Acquisition Push

Drill Results May 13, 2026 · 06:01

Medaro Mining pivots to past-producing Sala silver-zinc project, betting on a 67 Moz AgEq inferred resource to transform its Swedish portfolio.

M&A / Property Apr 28, 2026 · 06:01

Medaro Mining Corp.

M&A / Property