Metallic Minerals Closes Additional $617,820 In Private Placement Financing
PRIVATEJun 17, 2022
Amount Raised
$618,000
Round Type
Seed
Vancouver
Description
VANCOUVER, BC / June 17, 2022 / Metallic Minerals (TSX.V:MMG)(OTCQB:MMNGF) ("Metallic Minerals", or the "Company") is pleased to report that, subject to the approval of the TSX Venture Exchange (the "TSX"), it has closed a second non-brokered private placement financing for additional aggregate proceeds of $617,820 through the issuance of 1,471,000 units at a price of $0.42 per unit (the "Private Placement").
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Company Information
Company
Metallic Minerals
Location
Vancouver, Washington, United States
About
Metallic Minerals Corp. is an exploration and development stage company, focused on silver, gold and copper in the high-grade Keno Hill and La Plata mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to making exploration discoveries, growing resources and advancing projects toward development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada's Yukon Territory, directly adjacent to Alexco Resource Corp's operations, with more than 300 million ounces of high-grade silver in past production and current M&I resources. In addition, the Company recently announced the inaugural resource estimate for the La Plata silver-gold-copper project in southwestern Colorado. All of the districts in which the Company works have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.
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Vancouver