Mantaro Precious Metals Completes $1.3M Financing

Mantaro Precious Metals Corp (TSE:MNTR) has released an update.

Mantaro Precious Metals Corp. has successfully completed a $1.3 million non-brokered private placement by issuing 26 million shares at $0.05 each, with part of the proceeds intended for drilling activities and debt repayment. The offering included finder’s fees and issuance of warrants, with insiders purchasing a significant number of shares while adhering to regulatory exemptions. The company, known for holding the Santas Gloria silver property in Peru, has stated the funds will also support property maintenance.

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