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Mogotes Metals share issuance

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2026-08-14 09:44 UTC → 2026-08-14 18:47 UTC · added ~~removed~~

Mogotes Metals Inc. has completed a share issuance of 39,186,369 common shares at $0.49 per share, generating approximately $19.2 million in gross proceeds. The offering was facilitated through the exercise of subscription rights by CD Capital Fund IV L.P., which seeks to increase its ownership to 19.9% on a partially diluted basis. The transaction included pre-emptive rights agreements with other shareholders and is classified as a related party transaction because insiders acquired 36,689,414 shares. As a related party transaction, the issuance relies on specific exemptions under Multilateral Instrument 61-101. The company intends to use the proceeds for working capital and general corporate purposes. The transaction remains subject to regulatory approvals, including the TSX Venture Exchange, and the shares are subject to a four-month and one-day hold period.

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