Madoro Metals Closes Private Placement Financing
Suite 1450 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel.: (604) 681-1568, Fax: (604) 681-8240, TF: 1-877-377-6222
www.madorometals.com
TSXV: MDM | OTC: MSTXF
WKN: A2QQ1X
Madoro Metals Closes Private Placement Financing
FOR RELEASE: May 14, 2024
VANCOUVER, British Columbia – Madoro Metals Corp. (“Madoro” or the “Company”) announces that, further
to its news release dated May 9, 2024, the Company has closed a non-brokered private placement of 15,250,000
units in the capital of the Company (each, a “Unit”) at a price of $0.02 per Unit for aggregate gross proceeds of
$305,000 (the “Offering”).
Each Unit purchased include s one common share and one -half of one transferable common share purchase
warrant. Each whole warrant entitles the holder to purchase one additional common share for a period of two (2)
years at a price of $0.05 per common share.
The Company intends to use the proceeds raised from the Offering towards exploration expenditures on its
existing properties, satisfying its obligations under current property options agreements, as well as working capital
purposes. The Company will pay monthly consulting fees to the Company’s CFO and Corporate Secretary of an
aggregate $7,500. No proceeds will be paid to persons conducting investor relations activities or any other party
in excess of 10% or more of the proceeds.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus
one day expiring on September 15, 2024, in accordance with Exchange policies and applicable securities
legislation.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S.
registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such
offer, solicitation or sale would be unlawful.
About Madoro
Madoro Metals Corp. (MDM | TSX Venture Exchange; MSTXF | OTC) is an emerging resource company
engaged in the evaluation, acquisition, and exploration of mineral properties in Mexico and Canada. Madoro owns
a 100% interest in the Cerro Minas Property in Oaxaca, Mexico, a 50% interest in the Ralleau mineral property in
the Urban Barry District, Lebel-sur-Quévillon area of Quebec, and an Option to acquire 100% interest in the First
Green Lithium Property located in the emerging Cadillac -Pontiac lithium camp in the Abitibi Témiscamingue
region, approximately 75 kilometres southwest of Val -d’Or, Québec . For further information, investors and
shareholders are invited to visit the Company’s website at www.madorometals.com, call the office at 1 -604-681-
1568, toll free at 1-877-377-6222, or send an email to [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
“BRIAN OSTROFF”
Brian Ostroff, Executive Chair & Director
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.
This news release contains certain "forward -looking statements" within the meaning of Canadian securities
legislation. Forward-looking statements are statements that are not historical facts, and by their nature, refer to
future events. The Company cautions that forward -looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made, and they involve a number of risks
and uncertainties.
There can be no assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward- looking statements. The Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events or otherwise, except as
required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s
complete public disclosure record on SEDAR+ at www.sedarplus.ca.