Medaro announces the successful closing of a non-brokered private placement, raising $976,100.18. Funds will be used for exploration activities in Sweden and Ontario, as well as for general corporate purposes. The offering included NFT and FT units with associated warrants. The warrants have been extended to 36 months from the date of issuance. The company is focused on mineral exploration in Ontario, Quebec and Sweden.
Vancouver, British Columbia The company is pleased to announce the successful closing of its non-brokered private placement , as detailed in a previous news release from January 27, 2026. This financial maneuver resulted in aggregate gross proceeds of $976,100.18, representing a significant influx of capital that will fuel the company's strategic objectives.
The structure of the private placement involved the issuance of both NFT Units and FT Units, each with specific characteristics and implications for the company's financial standing and future development. \The financing was structured with specific unit types. Each NFT Unit, a non-flow-through unit, comprised one common share in the company's capital and one common share purchase warrant. These warrants are exercisable at a price of $0.45 to acquire one common share, with a duration of 36 months from the issuance date. In contrast, each FT Unit, issued on a flow-through basis, also included one common share and a warrant exercisable at $0.55 to purchase one common share, also for a 36-month period from the issuance date. This structure allows for flexibility in attracting investors with varying preferences. In connection with the Private Placement, the Company paid aggregate cash finder's fees of $68,327.01 and issued an aggregate of: (i) 167,090 non-transferable non flow-through finder's warrants, exercisable at a price of $0.45 to acquire one common share for a period of 36 months from the date of issuance; and (ii) 47,894 flow-through finder's warrants, exercisable at a price of $0.55 to acquire one common share for a period of 36 months from the date of issuance. The Company previously announced that the common share purchase warrants underlying both the NFT Units and FT Units would be exercisable for a period of 24 months from the date of issuance. However, those warrants will now be exercisable for a period of 36 months from the date of issuance. All other terms of those warrants remain unchanged.\The company has clearly outlined its intended use of the net proceeds generated from this private placement. These funds are earmarked to drive forward exploration activities at its recently acquired Sweden Property and the Clay Howells West Property, both situated in Ontario. In addition to these exploration endeavors, a portion of the funds will be allocated towards general corporate purposes and administrative expenses, ensuring the smooth and efficient operation of the company. The gross proceeds from the sale of the FT Units will be specifically directed toward incurring 'Canadian exploration expenses' within the meaning of the. All securities issued as part of this private placement are subject to a four-month hold period, as mandated by applicable securities laws. Furthermore, these securities are not available for offer or sale in the United States or to U.S. persons without proper registration or an applicable exemption from U.S. Securities Act requirements. The announcement explicitly clarifies that this news release is not an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. Medaro, the mineral exploration company, is focused on advancing high-quality mineral projects in Ontario, Quebec, and Sweden, aiming to build shareholder value through systematic exploration, rigorous project evaluation, and responsible development. The Canadian Securities Exchange and its Regulation Services Provider have not reviewed or approved the contents of this news release and do not take responsibility for its accuracy
Private Placement Mineral Exploration Financing Securities Exploration
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