Mogotes Metals Announces Closing of Third and Final Tranche of Private Placement of Units
Mogotes Metals Inc.
217 Queen Street West, Suite 401
Toronto, ON M5V 0R2
(647) 846-3313
NEWS RELEASE
MOGOTES METALS ANNOUNCES CLOSING OF THIRD AND FINAL TRANCHE OF PRIVATE PLACEMENT OF UNITS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
July 14, 2025 – Toronto, Ontario – Mogotes Metals Inc. (TSXV: MOG, FSE:OY4, OTCQB: MOGMF) (“Mogotes”, or
the “Company”) is pleased to announce that, further to its press releases of June 2, 2025, June 16, 2025 and July
7, 2025, the Company has closed the third and final tranche of its non -brokered private placement through the
issuance of 1,200,000 units (each, a “Unit”) at a price of $0.20 per Unit for aggregate gross proceeds of $240,000
(the “Offering”). The total proceeds raised from all three tranches of the Offering is $22,240,000, including the
proceeds from the Units issued pursuant to the second tranche to an associated entity of the Braun family, which
will be held in escrow pending the approval of the TSX Venture Exchange to release. Further updates regarding
the release of escrow proceeds will follow in a subsequent press release of the Company.
Each Unit is comprised of one common share (each, a “ Common Share”) and one -half of one Common Share
purchase warrant (each whole warrant, a “ Warrant”). Each Warrant shall entitle the holder thereof to acquire one
Common Share at a price of $0.40 per Common Share for a period of two (2) years from the closing of the
Offering.
All securities issued pursuant to the third tranche of the Offering will be subject to a hold period of four months
plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds from
the sale of the Units will be used for funding the Company’s exploration work programs and development of the
Company’s Filo Sur property, and general working capital purposes. The closing of the Offering is subject to certain
conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including t he
approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the
United States. 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 state securities laws and may not be offered or sold within
the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
About Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company exploring for copper and gold in the prospective Vicuña
district of Argentina and Chile. Mogotes flagship project, Filo Sur, adjoins the large Filo del Sol Copper -gold-silver
discovery, and is along the same N-S trending belt as the Filo Del Sol – Aurora and NGEx Minerals Lunahuasi and
Los Helados copper-gold deposits.
For further information, please contact:
Mogotes Metals Inc.
Allen Sabet, President and Chief Executive Officer
Phone: (647) 846-3313
Email: [email protected]
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Twitter: https://x.com/mogotesmetals
Cautionary Note Regarding 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.
This news release contains certain “forward-looking information” within the meaning of applicable securities laws.
Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”,
“believe”, “anticipate”, “est imate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or
statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-
looking information is based on the opinions and estimates of management at the date the information is provided,
and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward -looking information. For a description of the risks and
uncertainties facing the Company and its business and affairs, readers should refer to the Company’s
Management’s Discussion and Analysis. The Company undertakes no obligation to update forward -looking
information if circumstances or management’s estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on forward-looking information.