Figure 2: VMS sheet in long section, with holes selected for resource modelling in blue and those in red rejected due to a combination of data lost in whole or part, and/or in conflict with more recent drilling.
Non-Brokered Private Placement
Meridian has launched a fully subscribed non-brokered private placement of 25,641,025 common shares of the Company (the “Common Shares”) at a price of CAD 0.39 per Common Shares for aggregate gross proceeds of up to CAD 10 million.
Pursuant to the Private Placement, a single strategic European investor has subscribed for 25,641,025 Common Shares. Prior to the Private Placement, the European investor-owned 4.6% of the Company. Upon closing of the Private Placement, the European investor will become a new insider of the Company owning approximately 12.1% of the Company on a non-diluted basis
The net proceeds from the Private Placement are expected to be used in advancing the Cabaçal’s PFS,…
