Meridian Announces Best Efforts Brokered Private Placement
Meridian Announces Best Efforts Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
London, United Kingdom, September 28, 2021 / CNW / Meridian Mining UK S (TSXV: MNO) (FRANKFURT:
2MM) (OTCQB: MRRDF) (“Meridian” or the “Company”) – is pleased to announce that it has entered into
an agreement with Beacon Securities Limited (the “Lead Agent”), as lead agent and sole bookrunner on
behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents”), in connection with a best
efforts private placement of up to 12,900,000 common shares of the Company (the “Offered Shares”) at a
price of $0.70 per Offered Share (the “ Issue Price ”) for gross proceeds to the Company of up to
approximately $9,030,000 (the “Offering”).
The Company has granted the Agents an option, exercisable by the Lead Agent on behalf of the Agents,
to sell up to an additional $1,354,500 of Offered Shares at the Issue Price , exercisable in whole or in part
at any time up to 48 hours prior to the closing date of the Offering.
The Company intends to use the net proceeds of the Offering for advancing its camp scale VMS Copper -
Gold-Silver Project (“Cabaçal”) in Mato Grosso, Brazil, working capital and general corporate purposes.
The closing of the Offering is anticipated to occur on or about October 19, 2021 and is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals , including the approval of the
TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period in Canada
expiring four months and one day from the closing date of the Offering.
The Offering will be conducted pursuant to the terms of an agency agreement to be entered into between
the Company and the Agents on or prior to the Closing Date . In connection with the Offering, the Agents
will receive a cash commission equal to 6% of the gross proceeds of the Offering, other than proceeds from
the Company’s president’s list which will not be subject to any commission.
The Offering will be conducted in all provinces of Canada and in the United States pursuant to private
placement exemptions and in such other jurisdictions as are agreed to by the Company and the Lead Agent.
The securities offered have not been registered under the U.S. Securities Act of 1933 , as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements. This press 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 any State in which such offer, solicitation or sale would
be unlawful.
About Meridian
Meridian Mining UK S is focused on the acquis ition, exploration, and development activities in Brazil. The
Company is currently focused on resource development of the Cabaçal VMS Copper -Gold-Silver project,
exploration in the Jaurú & Araputanga Greenstone belts located in the state of Mato Grosso; ex ploring the
Espigão polymetallic project and the Mirante da Serra manganese project in the State of Rondônia Brazil.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning
of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this
news release relate to, among other things: the completion of the Offering, the timing and size of the
Offering, the timing and receipt of approval from the TSX Venture Exchange, the expected use of the net
proceeds of the Offering, the anticipated closing date of the Offering and all other statements that are not
historical facts, particularly statements that express, or involve discussions as to, expectations, beliefs,
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plans, objectives, assumptions or future events or performance of the Company. Often, but not always,
forward-looking statements can be identified through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”,
“plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”. Forward-looking statements contained
in this news release are made based on rea sonable estimates and assumptions made by management of
the Company at the relevant time in light of its experience and perception of historical trends, current
conditions and expected future developments, as well as other factors that are believed to be a ppropriate
and reasonable in the circumstances. Forward-looking statements contained in this news release are made
as of the date of this news release and the Company will not update any such forward -looking statements
as a result of new information or if management’s beliefs, estimates, assumptions or opinions change,
except as required by law. There can be no assurance that forward -looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticip ated in such
statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
NEITHER THE 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.