Mercado arranges subsequent placement for $1-million

Executive Summary

• Mercado Minerals Ltd. is conducting a subsequent non-brokered private placement of up to 5,025,000 units due to strong investor interest in a previously fully subscribed offering.
• The units are priced at $0.20 per unit, targeting gross proceeds of up to $1,005,000.
• Proceeds will be used for the exploration of the Copalito and Zamora properties, acquisition costs, new project acquisitions, investor relations, and general corporate working capital.

Key Details

• Transaction Structure: Subsequent non-brokered private placement.
• Quantity: Up to 5,025,000 units.
• Price: $0.20 per unit.
• Gross Proceeds: Up to $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 common share at an exercise price of $0.35.
• Warrant Expiry: 36 months from closing.
• Use of Proceeds: Exploration of recently acquired properties (Copalito and Zamora), acquisition costs, generation of new project acquisitions, investor relations programs, and general corporate working capital.
• Hold Period: All securities are subject to a hold period of four months and one day.
• Conditions: Closing is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange.

Notable Quotes

• None provided in the text.