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Financings

Mogotes Metals arranges $4-million private placement

By The Northwire Desk — AI Analysis Jan 06, 2026 · 19:27 MOG · 0.43 Mogotes Metals Inc.
MOG · Price

Executive Summary

  • Mogotes Metals Inc. announced a non-brokered private placement of up to 12.5 million units at $0.32 per unit, targeting gross proceeds of up to $4 million.
  • The offering is specifically intended to satisfy pre-emptive rights granted to existing shareholders.
  • Each unit consists of one common share and a half warrant, with warrants exercisable at $0.53 per share for three years.

Key Details

  • Transaction Structure: Non-brokered private placement of up to 12.5 million units.
  • Price: 32 cents ($0.32) per unit.
  • Gross Proceeds: Up to $4 million.
  • Use of Proceeds: General corporate and working capital purposes.
  • Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
  • Warrant Terms:
    • Exercise Price: 53 cents ($0.53) per common share.
    • Duration: Three years from the closing of the offering.
  • Purpose of Offering: To satisfy certain pre-emptive rights granted to and held by specific shareholders of the company.
  • Regulatory Conditions: Closing is subject to necessary regulatory approvals, including approval from the TSX Venture Exchange.
  • Hold Periods:
    • Canada and United States: Four months plus one day from the date of issuance.
    • Other Jurisdictions (per OSC Rule 72-503): No statutory hold period under applicable Canadian securities laws.

Notable Quotes

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

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