LONDON, UK, April 1, 2024 /CNW/ – Meridian Mining UK S (TSX: MNO) (Frankfurt/Tradegate: 2MM) (“Meridian” or the “Company“), is pleased to announce that it has entered into an agreement with Beacon Securities Limited and BMO Capital Markets (the “Co-Lead Underwriters“), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, with a right to arrange for substitute purchasers, 42,860,000 common shares (the “Offered Shares“) of the Company at a price of $0.35 per Offered Share (the “Issue Price“) for aggregate gross proceeds to the Company of $15,001,000 (the “Offering“).
The Company has granted the Underwriters an option (the “Over-Allotment Option“), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as defined below), to purchase up to an…
