Mogotes Metals Inc.
$20,000,000.00
50,000,000.00 Units at $0.40
Initial Public Offering - Closed - Wednesday, June 12, 2024
Company Description
Mogotes Metals Inc. is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties in Argentina and Chile. Currently, the business objective of the Company is to identify a mineral resource deposit at the Filo Sur Project.
| Address: |
217 Queen Street West, Suite 401 Toronto, Ontario, M5V 0R2 Canada |
|---|---|
| Phone Number: | 416 361-2820 |
| Fax Number: | |
| Website: |
| Industry: | Metals & Mining |
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| Closing Date: | Wednesday, June 12, 2024 |
| 1st Day of Trading: | Wednesday, June 12, 2024 |
| Primary Symbol: | MOG |
| Exchange: | Venture |
Proceeds
The net proceeds of the offering will be used for general and sdministrative expenses, for phase 1 work program on the Filo Sur Project comprised of: IP Geophysics (Titan) follow up, surface soil and rock sampling, complete interpretation of deep IP Geophysics and analysis ranking of targets from surface soil and rock sampling, diamond drilling – 5000m and phase 2 work program on the Filo Sur Project(3) comprised of:Infill surface soil and rock sampling, diamond drilling – 5000m and for allocated working capital.
| Gross Proceeds: | $20,000,000.00 |
|---|---|
| Underwrting Fees: | $1,200,000.00 |
| Expense Offering: | $550,000.00 |
| Net Proceeds: | $18,250,000.00 |
| Lead Underwriter: | Canaccord Genuity Corp. |
|---|---|
| Other Underwriter(s): |
BMO Nesbitt Burns Inc. PI Financial Corp. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | -2.70 % | 9.09 % | 16.13 % | 20.00 % | -55.00 % |
| Post IPO Performance | -65.00 % | -65.00 % | -68.75 % |
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