Metalero closes $108,679 second tranche of placement

Executive Summary

• Metalero Mining Corp. has closed the second tranche of its previously announced non-brokered private placement, raising gross proceeds of approximately $108,680.
• The tranche consisted of 517,523 flow-through units priced at 21 cents per unit, with proceeds designated for fall/winter 2025 and early 2026 exploration activities at the Benson project.
• The transaction included the issuance of finders' warrants and standard flow-through share tax benefits for qualifying investors.

Key Details

• Transaction Structure: Closed second tranche of non-brokered private placement.
• Units Issued: 517,523 flow-through units.
• Price: 21 cents per flow-through unit.
• Gross Proceeds: $108,679.83.
• Unit Composition: Each unit consists of one flow-through common share and one common share purchase warrant.
• Warrant Terms: Each warrant allows the purchase of one additional non-flow-through common share at an exercise price of 26 cents for a period of two years from issuance.
• Finder’s Fees:
  • Cash paid: $8,694.
  • Warrants issued: 41,402 non-transferable finders' warrants.
  • Finder’s Warrant Terms: Entitles holder to purchase one common share at 21 cents per share for up to two years from issuance.
• Use of Proceeds: Support fall/winter 2025 and early 2026 exploration work at the Benson project, including further sampling and ground geophysics.
• Hold Period: All securities issued are subject to a hold period until April 13, 2026.
• Tax Status: FT shares qualify as flow-through shares under the Income Tax Act (Canada) and B.C. flow-through mining expenditures for qualifying individuals.
• Project Context: Benson project is located in the Quesnel trough, a major mineral belt in British Columbia, covering 173 square kilometers with five prospects containing gold and copper within porphyry-related systems.