Montero Mining and Exploration Raises CA$1.5 Million in Private Placement

MT newswire2026/10/09 11:26

07:26 AM EDT, 10/09/2026 (MT Newswires) -- Montero Mining and Exploration (MON.V) raised CA$1.5 million after closing a private placement, the company said Friday. Montero plans to use the proceeds to fund ongoing exploration and drilling at the Elvira gold project in Chile, advance its other mineral projects, and for general working capital and corporate purposes. Under the offering, Montero issued about 2.7 million units priced at CA$0.55 per unit. Each unit comprises one share and one-half of a warrant. Each warrant can be exercised at CA$0.70 per share for 12 months.

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