Montero Mining closes CAD 1.5 million private placement of 2,727,273 units at CAD 0.55 each

Bitget2026/10/09 09:29

Montero Mining and Exploration closed a non-brokered private placement, issuing 2,727,273 units at CAD$ 0.55 each for gross proceeds of CAD$ 1,500,000.15. Each unit includes one common share, plus one-half warrant exercisable at CAD$ 0.70 for 12 months. Warrants include an acceleration feature if the stock closes at or above CAD$ 1.00 for 10 consecutive trading days. Net proceeds earmarked for exploration and drilling at the Elvira Gold Project, other Chilean projects, general working capital. Paid $13,970 in finder fees; insiders bought 418,637 units. 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. Montero Mining and Exploration Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610090529NEWSFILECNPR____20261009_318198_1) on October 09, 2026, and is solely responsible for the information contained therein.

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.