Mogotes Metals Announces Closing of Second Tranche of Private Placement of Units and Upsize to Private Placement and Entering in

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  Posted by Two Blokes Jul 7 - Filed in Stock - 7 views
  
  Toronto, Ontario--(Newsfile Corp. - July 7, 2025) - 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 and June 16, 2025, the Company has closed the second tranche of its non-brokered private placement through the issuance of 55,650,334 units (each, a "Unit") at a price of $0.20 per Unit for aggregate gross proceeds of $11,130,066.80 (the "Offering"). In addition, the Company has issued an additional 18,689,666 Units to an associated entity of the Braun family for gross proceeds of $3,737,933.20, which will be held in escrow pending the approval of the TSX Venture Exchange to release.