Mogotes Metals issues 39,186,369 shares at $0.49 in $19.2 million rights exercise

Reuters2026/08/13 21:16

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Mogotes Metals closed CD Capital Fund IV’s exercise of subscription rights to raise its stake to 19.9%.
Issued 39,186,369 common shares at $0.49 each, generating gross proceeds of $19.2 million.
Insiders bought 36,689,414 shares in the offering, triggering related-party transaction treatment under TSXV rules.
Proceeds earmarked for general corporate purposes, including working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mogotes Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608131715NEWSFILECNPR____20260813_309550_1) on August 13, 2026, and is solely responsible for the information contained therein.

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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Mogotes Metals issues 39,186,369 shares at $0.49 in $19.2 million rights exercise

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