Miata Metals Announces Upsizing of Private Placement Offering to $6.37 Million
Miata Metals Announces Upsizing of Private Placement Offering to
$6.37 Million
Not for distribution to U.S. news wire services or dissemination in the United States
Vancouver, BC (October 10, 2024) – Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) ("Miata" or the
"Company") is pleased to announce the upsize of its previously announced brokered private placement offering
(the “Offering”) of units of the Company (each a “Unit”) to up to 10,623,600 Units of the Company at a price of
$0.60 per Unit for aggregate gross proceeds to the Company of up to $6,374,160. Each Unit shall consist of one
common share of the Company (each a “Share”) and one-half of one common share purchase warrant (each
whole warrant a “Warrant”). Each Warrant shall entitle the holder to purchase one Share at a price of $0.90 for a
period of 24 months following the Closing Date. The Offering is being conducted by a syndicate led by Clarus
Securities Inc. (“Clarus”) and PowerOne Capital Markets Limited (together with Clarus, the “Lead Agents”).
The net proceeds raised from the Offering will be used for the continued exploration and advancement of the
Company's exploration program on its mineral properties and for general working capital and corporate
purposes.
The Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus
requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about
October 16, 2024 or such other date as may be agreed to by the Company and the Lead Agents (the “Closing
Date”). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months
plus one day from the Closing Date in accordance with applicable securities legislation. This proposed Offering
is subject to receipt of all required regulatory approvals, including the approval of the Canadian Securities
Exchange.
John Wenger, an insider of the Company, intends to participate in the Offering, with full particulars of such
participation to be included in the news release announcing the closing of the Offering.
About Miata Metals Corp.
Miata Metals Corp. (CSE: MMET). is a Canadian mineral exploration company listed on the Canadian
Securities Exchange. The Company is focused on the acquisition, exploration, and development of mineral
properties. Currently, the Company holds earn-in options to acquire 100% interest in the Sela Creek Gold
Project in Suriname and 100% interest in the Cabin Lake Property in the Omineca Mining Division, British
Columbia. The Company continuously evaluates opportunities to acquire interest in additional prospective
exploration stage mineral properties.
On Behalf of the Board
Dr. Jacob (Jaap) Verbaas, P.Geo | CEO and Director
+1 778 488 9754
Forward-Looking Statements
This press release contains certain forward -looking statements as well as historical information. Readers should
not rely on information in this summary for any purpose other than for gaining general knowledge of the Company.
Forward-looking statements inc lude, but are not limited to, the closing of the Offering. The words "expected",
"will" and similar expressions are intended to be among the statements that identify forward looking statements.
Although the Company believes that its expectations as reflect ed in any forward -looking statements, are
reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will
be consistent with these forward - looking statements. Except as required by law, the Company undert akes no
obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions
or other factors should change.
This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United
States. The distribution of Miata securities in connection with the transactions described herein will not be
registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and Miata securities may not
be offered or sold in the United States abs ent registration or an applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy Miata securities , nor shall there be any offer or sale of Miata
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Canadian Securities
Exchange has not reviewed this press release and does not accept responsibility for the adeq uacy or accuracy of
this news release.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the
adequacy or accuracy of this news release.