Madoro Closes $483,500 Private Placement Financing
MADORO CLOSES $483,500 PRIVATE PLACEMENT FINANCING
FOR RELEASE: SEPTEMBER 26, 2022 TSXV: MDM
OTC: MSTXF
WKN: A2QQ1X
Vancouver, BC, Canada - Madoro Metals Corp. (“Madoro” or the “ Company”) is pleased to
announce that it has closed a non -brokered private placement financing in the amount of $ 483,500
(the “Placement”).
Under the terms of the Placement, Megastar has issued 9,670,000 units at a price of $0.05 per unit
(a “Unit”). Each Unit comprises one common share in the capital of the Company and one-half of
one transferable share purchase warrant. Each whole warrant (a “Warrant”) will allow the holder to
purchase an additional common share of the Company at a price of $0.08 for a period of 24 months.
The proceeds of the Placement will be used towards exploration expenditures and general working
capital. The securities issued under the Placement will be subject to a four-month and one-day hold
period expiring on January **, 2023. The Placement remains subject to the final approval of the TSX
Venture Exchange.
About Madoro Metals Corp.
Madoro Metals Corp . (MDM | TSX Venture Exchange; MSTX F | OTC) is a Mexico-focused precious
metals company engaged in exploration and development of three gold -silver projects in the state
of Oaxaca, Mexico. The Yaute pec, Magdalena, and Rama de Oro projects each consist of large
epithermal systems that are highly prospective for precious metals in structural and geologic
settings like those of nearby producing mines. Systematic exploration has advanced two of the
projects towards drilling with the goal of discovering an economic mineral deposit.
ON BEHALF OF THE BOARD OF DIRECTORS
“DUŠAN BERKA”
Dušan Berka, P. Eng., President & CEO
For more information, please contact: Investor Relations via email at [email protected] ;
www.madorometals.com
#1450 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
Tel: +1 (604) 681-1568
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be “forward-
looking information” for the purposes of Canadian securities laws. Such forward- looking information
involves ris ks, uncertainties and other factors that could cause actual results, performance, prospects
and opportunities to differ materially from those expressed or implied by such forward looking
information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”,
“budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-
looking information. These forward- looking statements relate to, among other things: the optionor’s
intention to ter minate the options on the Rama De Oro and Magdalena projects , future actions of the
Company to contest termination and the potential for any successful negotiated solution resulting from
any such actions.
Forward-looking information is necessarily based up on a number of estimates and assumptions that,
while considered reasonable by Madoro , are inherently subject to significant technical, political,
business, economic and competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the forward- looking information. Factors
and assumptions that could cause actual results or events to differ materially from current expectations
include, among other things: the inability of the Company to successfully come to an agreement with the
optionor regarding the continuance of its options; political risks associated with the Company’s
operations in Mexico ; and the inability of the Company to enforce its legal rights in certain
circumstances. For additional risk factors, please see the Company’s most recently filed Management
Discussions & Analysis for its quarter ended May 31, 2022 available on SEDAR at www.sedar.com.
There can be no assurances that forward- looking information and statements will prove to be accurate,
as many factors and future events, both known and unknown could cause actual results, performance, or
achievements to vary or differ materially from the results, performance or achievements that are or may
be expressed or implied by such forward- looking statements contained herein or incorporated by
reference. Accordingly, all such factors should be considered carefully when making decisions with
respect to Madoro, and prospective investors should not place undue reliance on forward looking
information. Forward- looking information in this news release is made as at the date hereof. The
Company assumes no obligation to update or revise forward- looking information to reflect changes in
assumptions, changes in circumstances or any other events affecting such forward- looking information,
except as required by applicable law.