Mogotes Metals Provides Additional Update on Exercise of Rights
Mogotes Metals Inc.
217 Queen Street West, Suite 401
Toronto, ON M5V 0R2
T + 1(647) 846-3313
NEWS RELEASE
Mogotes Metals Provides Additional Update on Exercise of Rights
August 12, 2026 – Toronto, Ontario – Mogotes Metals Inc. (TSXV: MOG, FSE: OY4, OTCQB:MOGMF)
(“Mogotes”, or the “Company”) announces that, further to its press releases of July 14, 2026 and July
21, 2026, in connection with the exercise by C D Capital Fund IV L.P. ("CD Capital") of its right to
subscribe for common shares in the capital of the Company (each, a " Common Share") to increase its
ownership interest to 19.9% on a partially diluted basis and pursuant to pre-emptive rights agreements
with various shareholders, the Company intends to increase the number of Common S hares at a price
of $0.49 per Common Share to be issued to CD Capital and such shareholders from 38,558,817 Common
Shares to up to 39,186,369 for total proceeds to the Company of up to $19,201,320.81.
The Common Shares to be issued 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. Closing is subject to certain
conditions including, but not limited to, the receipt of all necessary regulatory and other approvals,
including the approval of the TSX Venture Exchange.
For further information, please contact:
Mogotes Metals Inc.
Allen Sabet, President and Chief Executive Officer
Phone: (647) 846-3313
Email: [email protected]
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.
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