Medaro Announces Closing of LIFE Private Placement Offering

Executive Summary

• Medaro Mining Corp. closed its LIFE private placement, issuing 3,742,786 units at $0.14 per unit for gross proceeds of approximately $523,990.
• After deducting finder’s fees and a $35,000 debt settlement to Treewalk Ventures, net proceeds were about $482,620, which will be used to fund exploration at the Pontax and Cyr South lithium projects and for general corporate purposes.
• The placement involved related‑party participation by Treewalk Ventures (controlled by CFO Alexander McAulay) and was completed under NI 45‑106 exemptions; securities are not registered in the United States.

Key Details

• Units Issued: 3,742,786 units @ $0.14 each → $523,990.04 gross proceeds.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Exercise price $0.17; exercisable after 60 days for a 24‑month period.
• Finder’s Fees & Warrants:
• RCC – $2,940 cash fee + 21,000 finder warrants issued.
• Ventum – $3,430 cash fee + 24,500 finder warrants issued.
• Related Party Transaction: Treewalk Ventures received 250,000 shares; Medaro paid $35,000 to partially settle an outstanding debt to Treewalk.
• Net Proceeds: Approximately $482,620.04 after fees and debt settlement.
• Use of Proceeds: Advance exploration at Pontax and Cyr South lithium properties; general corporate purposes and administrative expenses.
• Exemptions Utilized: Listed Issuer Financing Exemption (NI 45‑106) and Coordinated Blanket Order 45‑935; no hold period required.
• U.S. Securities Restrictions: Units not registered under the U.S. Securities Act; cannot be offered or sold in the United States absent exemption.

Notable Quotes

(No direct quotes were provided in the release.)