BULLETIN V2024-1756
MOGOTES METALS INC. ("MOG")("MOG.WT")
BULLETIN TYPE: New Listing Shares and Warrants, Private Placement – Brokered and Non Brokered
BULLETIN DATE: June 10, 2024
TSX Venture Tier 2 Company
Mogotes Metals Inc.'s (the "Company") long form prospectus dated June 4, 2024 (the "Final Prospectus"), has been filed with and accepted by TSX Venture Exchange, and filed with the securities commissions in all of the provinces of Canada, except Quebéc, and receipted by the Ontario Securities Commission on June 4, 2024, pursuant to the provisions of the respective Securities Acts.
The Final Prospectus qualified the distribution of 84,338,811 common shares (each, a "Common Share") in the capital of the Company and 42,169,405 common share purchase warrants of the Company (each, a "Warrant" and, together with the Common Shares, the "Securities"). The Securities were issued for no additional consideration upon conversion of 11,376,641 subscription receipts (each, a "Subscription Receipt") and exercise of 72,962,170 special warrants (each, a "Special Warrant") of the Company, details of which are in the next section.
Securities issued upon conversion of Subscription Receipts are as follows:
Financing Type: Brokered Private Placement
Gross Proceeds: $1,934,028.97
Offering: 11,376,641 Listed Shares with 5,688,320 warrants attached
Offering Price: $0.17 per Listed Share
Warrant Exercise Terms: $0.30 until January 31, 2027
Non-Cash Commissions: Shares Warrants
Canaccord Genuity Corp N/A 682,598
Commission Terms: Each non-transferable warrant is exercisable at $0.17 until June 12, 2026
Securities issued upon conversion of Special Warrants are as follows:
Financing Type: Brokered Private Placement
Gross Proceeds: $10,781,252.55
Offering: 72,842,770 Listed Shares with 36,421,385 warrants attached
Offering Price: $0.15 per Listed Share
Warrant Exercise Terms: $0.30 until January 31, 2027
Non-Cash Commissions: Shares Warrants
Canaccord Genuity Corp N/A 1,770,501
Commission Terms: Each non-transferable warrant is exercisable at $0.15 until June 12, 2026
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $17,910
Offering: 119,400 Listed Shares with 59,700 warrants attached
Offering Price: $0.15 per Listed Share
Warrant Exercise Terms: $0.30 until January 31, 2027
Public Disclosure: Refer to the company's Final Prospectus dated June 4, 2024.
Commence Date:
| Effective at the opening on Wednesday, June 12, 2024, the Common
Shares and share purchase warrants of the Company will commence
trading on TSX Venture Exchange. The Company is classified as a
junior natural resource company. (NAICS number 212220)
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| Corporate Jurisdiction:
| Ontario
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| Capitalization:
| An unlimited number of Common Shares in the capital of the Company
with no par value of which 205,095,768 Common Shares are issued
and outstanding.
|
|
| Escrowed Securities:
| 45,566,666 common shares
|
|
| Transfer Agent:
| Computershare Investor Services Inc.
|
|
| Trading Symbol:
| MOG
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| CUSIP Number:
| 608011102
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|
| Capitalization of Trading Warrants:
| 42,169,405 Warrants will be issued and outstanding and listed for
trading.
|
|
| Warrants Exercise Price:
| $0.30 per Common Share until January 31, 2027
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| Warrant Trading Symbol:
| MOG.WT
|
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| Warrant CUSIP:
| 608011144
|
For further information, please refer to the Company's Final Prospectus dated June 4, 2024, a copy of which is filed on the Company's profile on SEDAR+.
Company Contact: Allen Sabet, President, CEO and Director
Company Address: 217 Queen Street West, Suite 401, Toronto, Ontario M5V 0R2
Company Phone Number: (647) 846-3313
Company Email Address: allen@mogotesmetals.com |
