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Meridian Mining secures $17.2M for Brazil project, pending TSX approval.
Meridian Mining UK has closed a CAD 17.2 million private placement, issuing 44,187,432 common shares at CAD 0.39 each.
Funds will be used to advance the Cabaçal VMS gold-copper project in Brazil, including a preliminary feasibility study and related exploration activities.
The shares are subject to a four-month hold period, and the placement needs final approval from the Toronto Stock Exchange.
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Meridian Mining asegura $17.2M para el proyecto Brasil, pendiente de aprobación del TSX.