Meridian Announces Upsizing of Bought Deal Offering to $17.5M
/NOT FOR DISTRIBUTION TO
The Company has granted the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as defined below), to purchase up to an additional number of Offered Shares (the "Additional Shares") equal to 15% of the number of Offered Shares sold pursuant to the Offering at a price per Additional Share equal to the Issue Price to cover overallotments, if any, and for market stabilization purposes.
The Offered Shares will be offered (i) in
The Company intends to use the net proceeds to advance the Cabaçal project, including for the purposes of a pre-feasibility study, resource delineation drilling and continued exploration on the property, working capital and general corporate purposes.
The closing of the Offering is anticipated to occur on or about
A copy of the Base Shelf Prospectus is available under the Company's profile on SEDAR+ at www.sedarplus.ca. Once filed, the prospectus supplement in connection with the Offering will also be available on SEDAR+.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "
Meridian Mining
- The development and exploration of the advanced stage Cabaçal VMS gold-copper project;
- Regional scale exploration of the Cabaçal VMS belt; and
- Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the
State of Mato Grosso, Brazil ).
On behalf of the Board of Directors of Meridian Mining
Mr.
Meridian Mining
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Further information can be found at: www.meridianmining.co
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws, including any exercise of the Over-Allotment Option, the anticipated use of proceeds, the filing of the prospectus supplement, the completion of the Offering and the estimated closing date. These statements address future events and conditions and so involve inherent risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market conditions and the ability to obtain all necessary regulatory approvals, and other risks and uncertainties disclosed under the heading " the factors set forth under "Cautionary Note Regarding Forward-Looking Information" and "Risk Factors" in the Company's final prospectus dated
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
SOURCE Meridian Mining