Meridian Announces $8M Bought Deal Public Offering
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Meridian Announces $8M Bought Deal Public Offering
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.
LONDON, United Kingdom, April 24, 2023, Meridian Mining UK S (T SX:MNO)
(Frankfurt/Tradegate:2MM) (“Meridian” or the “Company”), is pleased to announce that it has
entered into an agreement with Beacon Securities Limited and Ra ymond James Ltd. (the “ Co-
Lead Underwriters ”) on behalf of a syndicate of underwriters (together with the Co-Lead
Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase,
on a bought deal basis, with a right to arrange for substitute purchasers, 16,000,000 common
shares (the “Offered Shares”) of the Company at a price of $0.50 per Offered Share (the “Issue
Price”) for aggregate gross proceeds to the Company of $8,000,000 (the “Offering”).
The Company has granted the Underwriters an option (the “ Over-Allotment Option ”),
exercisable in whole or in part at any time and from time to ti me for up to 30 days following the
Closing Date (as defined below), to purchase up to an additiona l number of Offered Shares (the
“Additional Shares”) equal to 15% of the number of Offered Shares sold pursuant to the Offering
at a price per Additional Share equal to the Issue Price to cov er overallotments, if any, and for
market stabilization purposes.
The Offered Shares will be offered (i) in Canada by way of a pr ospectus supplement to the
Company’s existing short form base shelf prospectus dated Febru ary 24, 2023 (the “Base Shelf
Prospectus”) to be filed on or before April 26, 2023 in the Provinces of British Columbia, Alberta
and Ontario (the “ Qualifying Jurisdictions ”) pursuant to National Instrument 44-101 - Short
Form Prospectus Distributions and National Instrument 44-102 – Shelf Distributions, which shall
qualify the distribution of the Offered Shares in the Qualifyin g Jurisdictions; and (ii) to eligible
purchasers by way of available prospectus exemptions in certain jurisdictions outside of Canada.
The Company intends to use the net proceeds to advance the Caba çal project towards pre-
feasibility and continue exploration on the property, working c apital and general corporate
purposes.
The closing of the Offering is anticipated to occur on or about May 2, 2023 (the “Closing Date”)
and is subject to certain conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the Toronto Stock Exchange.
A copy of the Base Shelf Prospectus is available under the Comp any’s profile on SEDAR at
www.sedar.com. Once filed, the prospectus supplement in connect ion with the Offering will also
be available on SEDAR.
The securities 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” (as such term is defined in Regulation S under the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities
laws or an exemption from such registration is available. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy nor sha ll there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Meridian:
Meridian Mining UK S is focused on the acquisition, exploration , and development activities in
Brazil. The Company is currently focused on resource developmen t of the Cabaçal VMS gold -
copper project, the regional scale exploration of the Cabaçal V MS belt, the exploration in the
Jaurú & Araputanga Greenstone belts all located in the state of Mato Grosso and exploring the
Espigão polymetallic project in the State of Rondônia Brazil.
On behalf of the Board of Directors of Meridian Mining UK S
Mr. Adrian McArthur
CEO and Director
Meridian Mining UK S
Email: [email protected]
Ph: +1 (778) 715-6410 (PST)
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Follow Meridian on Twitter: https://twitter.com/MeridianMining
Further information can be found at: www.meridianmining.co
Forward-Looking Statements:
Some statements in this news release contain forward-looking in formation or forward-looking
statements for the purposes of applicable securities laws, incl uding any exercise of the Over-
Allotment Option, the anticipated use of proceeds, the filing o f the prospectus supplement, the
completion of the Offering and the estimated closing date. Thes e statements address future
events and conditions and so involve inherent risks, uncertaint ies and other factors that could
cause actual events or results to differ materially from estima ted or anticipated events or results
implied or expressed in such forward-looking statements. Such r isks include, but are not limited
to, the failure to complete the Offering in the timeframe and o n the terms as anticipated by
management, market conditions and the ability to obtain all necessary regulatory approvals, and
other risks and uncertainties disclosed under the heading " the factors set forth under "Cautionary
Note Regarding Forward-Looking Information" and "Risk Factors" in the Company’s final
prospectus dated February 24, 2023, and other disclosure docume nts available on the
Company’s profile at www.sedar.com. There is some risk that the forward-looking statements will
not prove to be accurate, that the management's assumptions may not be correct or that actual
results may differ materially from such forward-looking stateme nts. Accordingly, readers should
not place undue reliance on the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, Meridian disclaims a ny intent or obligation to update
any forward-looking statement, whether as a result of new infor mation, future events, or results
or otherwise.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined
in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of
this release.