Medaro Announces Closing of Private Placement

Executive Summary

• Medaro Mining Corp. closed a non‑brokered private placement raising $976,100.18 in gross proceeds.
• The offering consisted of 2,387,000 non‑flow‑through (NFT) units at $0.30 each and 684,211 flow‑through (FT) units at $0.38 each, each unit paired with a common share purchase warrant.
• Net proceeds will be used to fund exploration on the Sweden Property and Clay Howells West Property in Ontario, as well as for general corporate and administrative purposes.

Key Details

• Units Issued
• NFT Units: 2,387,000 units @ $0.30 per unit = $716,100 gross.
  • Each NFT Unit includes one common share + one NFT warrant (exercise price $0.45, 36‑month term).

• FT Units: 684,211 units @ $0.38 per unit = $260,000 gross.

  • Each FT Unit includes one common share (flow‑through) + one FT warrant (exercise price $0.55, 36‑month term).

• Finder’s Fees & Warrants

• Cash finder’s fees paid: $68,327.01.

• Finder’s warrants issued:

  • 167,090 non‑transferable NFT finder's warrants (exercise $0.45, 36 months).
  • 47,894 FT finder's warrants (exercise $0.55, 36 months).

• Warrant Term Extension

• Original warrant exercise period was 24 months; it has been extended to 36 months for both NFT and FT units.

• Use of Proceeds

• Advance exploration at the recently staked Sweden Property (Sweden) and Clay Howells West Property (Ontario).
• General corporate purposes and administrative expenses.

• Gross proceeds from FT Units earmarked for “Canadian exploration expenses” under the Income Tax Act.

• Regulatory Notes

• All securities subject to a statutory four‑month hold period per applicable securities laws.
• Securities not registered in the United States; cannot be offered or sold to U.S. persons absent exemption.

Notable Quotes

• “The extension of warrant terms provides investors with greater flexibility, and the proceeds will enable us to accelerate key exploration programs at Sweden and Clay Howells West,” – Mark Ireton, CEO & Director.