Mercado closes $1-million private placement

Executive Summary

• Mercado Minerals Ltd. has closed a non-brokered private placement, raising gross proceeds of $1,005,000 through the issuance of 5,025,000 units.
• The transaction included a strategic investment from an institutional fund, bringing total institutional and strategic ownership to 19.90%.
• Proceeds are designated for the exploration of recently acquired properties (Copalito and Zamora), acquisition costs, new project generation, investor relations, and general corporate working capital.

Key Details

• Financing Structure: Non-brokered private placement.
• Units Issued: 5,025,000 units.
• Price Per Unit: $0.20 CAD.
• Gross Proceeds: $1,005,000.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Each warrant is exercisable to acquire one additional common share.
  • Exercise Price: $0.35 per share.
  • Expiration Date: December 4, 2028.
• Finders' Fees:
  • Cash: $70,350.
  • Warrants: 351,750 finders' warrants issued.
  • Finders' Warrant Terms: Exercisable at $0.35 until December 4, 2028.
• Hold Period: All securities issued are subject to a four-month-and-a-day hold period expiring on April 5, 2026.
• Use of Proceeds: Exploration of Copalito and Zamora properties, acquisition costs, generation of new project acquisitions, investor relations programs, and general corporate working capital.
• Investor Relations Agreement:
  • Partner: Ora IR Services Inc.
  • Effective Date: December 4, 2025.
  • Term: Three months.
  • Fee: $15,000 plus applicable taxes.
  • No securities issued to Ora IR.
• Marketing Services Agreement:
  • Partner: 2686362 Ontario Corp. (d/b/a Canacom Group).
  • Effective Date: December 4, 2025.
  • Term: 12 months.
  • Fee: $100,000 plus applicable taxes.
  • Services: Digital content, marketing, and media distribution via Deep Dive website.
  • No securities issued to Canacom Group.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.