Mayo Lake Minerals cuts flow-through unit price to $0.045 in private placement
Bitget2026/10/07 11:55Mayo Lake Minerals cut the price of its flow-through units in a non-brokered private placement to $0.045 from $0.05. Flow-through tranche still targets up to 500,000 in gross proceeds, implying up to 11,111,111 units at the revised price. Common share units remain priced at $0.04, with a minimum 200,000 raise; total offering size remains up to 700,000. Each unit includes one common share, one warrant; warrant exercise prices set at $0.07 for CS warrants, $0.08 for FT warrants. Closing targeted on or about Nov. 4, 2026, with potential multiple tranches. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mayo Lake Minerals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610070755NEWSFILECNPR____20261007_317855_1) on October 07, 2026, and is solely responsible for the information contained therein.
- Mayo Lake Minerals cut the price of its flow-through units in a non-brokered private placement to $0.045 from $0.05.
- Flow-through tranche still targets up to 500,000 in gross proceeds, implying up to 11,111,111 units at the revised price.
- Common share units remain priced at $0.04, with a minimum 200,000 raise; total offering size remains up to 700,000.
- Each unit includes one common share, one warrant; warrant exercise prices set at $0.07 for CS warrants, $0.08 for FT warrants.
- Closing targeted on or about Nov. 4, 2026, with potential multiple tranches.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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