Mogotes receives final approval for $23 million private placement
Mogotes Metals Inc. (MOG) announced it received final approval from the TSX Venture Exchange for its private placement of 86,792,425 units at $0.265 per unit, raising gross proceeds of $22,999,992.62.
The company stated that $5,327,347.205 in proceeds was released from escrow on March 10, 2026, representing subscription proceeds from 20,103,197 units sold to CD Capital Fund IV L.P.
Under the terms of an investor rights agreement with CD Capital, Carmel Daniele has been appointed to the company’s board of directors. CD Capital, founded by Daniele, has launched four private equity funds and raised approximately $1 billion in capital from North American institutional investors including endowments, foundations and family offices.
Mogotes is a mineral exploration company focused on copper and gold exploration in the Vicuña district of Argentina and Chile. The company’s flagship project, Filo Sur, is adjacent to the Filo del Sol copper-gold-silver discovery.
The private placement follows previous press releases issued by the company on January 5, January 6, and February 2, 2026, according to the statement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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