Miata Metals Expands Private Placement Offering

Miata Metals Corp. (TSE:MMET) has released an update.

Miata Metals Corp. has increased its non-brokered private placement from $1.5 million to $1.75 million due to high investor demand, offering up to 5.83 million units at $0.30 each, including share purchase warrants. The raised funds are earmarked for the acquisition of 79North Inc., exploration activities in Suriname and the Cabin Lake Property, as well as for general corporate purposes. The offering, subject to Canadian Securities Exchange approval, will also entail a four-month holding period for the issued securities.

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