Medaro Mining Corp. Announces Closing of Private Placement
Medaro Announces Closing of Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) -
Medaro Mining Corp. (CSE:
MEDA) (OTCID: MEDAF) (FSE: 1ZY)
("
Medaro
" or the "
Company
")
is pleased to announce that,
further to its news release dated January 27, 2026, the Company has closed its non-brokered private
placement for aggregate gross proceeds of $976,100.18 (the "
Private Placement
").
The Private Placement consisted of two parts:
1
.
2,387,000 non flow-through units at a price of $0.30 per unit (the "
NFT Units
"). Each NFT Unit
consists of one common share in the capital of the Company and one common share purchase
warrant (a "
NFT Warrant
"), exercisable at a price of $0.45 to acquire one common share for a
period of 36 months from the date of issuance; and
2
.
684,211 flow-through units at a price of $0.38 per unit (the "
FT Units
"). Each FT Unit consists of
one common share in the capital of the Company, issued on a flow-through basis pursuant to the
Income Tax Act
(Canada), and one common share purchase warrant (a "
FT Warrant
"),
exercisable at a price of $0.55 to acquire one common share for a period of 36 months from the
date of issuance.
In connection with the Private Placement, the Company paid aggregate cash finder's fees of $68,327.01
and issued an aggregate of: (i) 167,090 non-transferable non flow-through finder's warrants, exercisable
at a price of $0.45 to acquire one common share for a period of 36 months from the date of issuance;
and (ii) 47,894 flow-through finder's warrants, exercisable at a price of $0.55 to acquire one common
share for a period of 36 months from the date of issuance.
The Company previously announced that the common share purchase warrants underlying both the NFT
Units and FT Units would be exercisable for a period of 24 months from the date of issuance. However,
those warrants will now be exercisable for a period of 36 months from the date of issuance. All other
terms of those warrants remain unchanged.
The Company intends to use the net proceeds from the Private Placement to advance exploration
activities at its recently staked Sweden Property and Clay Howells West Property located in Ontario, as
well as for general corporate purposes and administrative expenses. The gross proceeds from the sale
of the FT Units will be used to incur "Canadian exploration expenses" within the meaning of the
Income
Tax Act
(Canada).
All securities issued in connection with the Private Placement are subject to a statutory four month hold
period in accordance with applicable securities laws.
The securities issued pursuant to the Private Placement have not been, and will not be, registered under
the
United States Securities Act of 1933
, as amended (the "
U.S. Securities Act
"), or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of,
U.S. persons absent registration or an applicable exemption from the registration requirements of the
U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an
offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
About Medaro
Medaro is a mineral exploration company focused on the acquisition and advancement of high-quality
mineral projects in Ontario, Quebec and Sweden. The Company's strategy is to build shareholder value
through systematic exploration, disciplined project evaluation, and responsible development.
For more information, investors should review the Company's public filings, which are available at
www.sedarplus.ca
.
On Behalf of the Company
Mark Ireton
CEO & Director
Medaro Mining Corp.
220 - 333 Terminal Avenue, Vancouver, BC V6A 4C1
Email:
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) has not reviewed, approved or
disapproved the contents of this news release and does not accept responsibility for the
adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the expectations or beliefs of management of
the Company regarding future events. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events or results "may", "could", "should",
"would" or "occur". This information and these statements, referred to herein as "forward-looking
statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements
as to management's expectations and intentions with respect to, among other things: the intended use
of proceeds from the Private Placement; the Company's ability to advance its projects; and risks
related to global financial markets, including the trading price of the Company's common shares.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. 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 and forward-looking
information. Readers are cautioned that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking statement, forward-looking
information or financial out-look that are incorporated by reference herein, except in accordance with
applicable securities laws. We seek safe harbor.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
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https://www.newsfilecorp.com/release/285788