On February 19, 2025, Meridian Mining UK Societas closed the transaction. The company issued 44,187,432 common shares at a price of CAD 0.39 per share for the gross proceeds of CAD 17,233,098. The Common Shares issued pursuant to the Private Placement are subject to a four-month hold period expiring on June 20, 2025.
The Private Placement is subject to final approval of the Toronto Stock Exchange. The company issued securities pursuant to exemption provided under Regulation D. The transaction included participation from two investors.
