Mogotes Metals Closes $15 Million Rio Tinto Investment
Mogotes Metals closed Rio Tinto Canada Inc.’s previously announced strategic investment, with Rio subscribing for 30,387,857 units at C$0.70 per unit, raising gross proceeds of about US$15 million (C$21.27 million). The transaction forms a strategic and technical alliance tied to the Filo Sur project, and includes common share units with attached warrants subject to TSXV approval.
Coverage (3)
- Mogotes Metals Closes US$15 Million Investment by Rio Tinto & Forms Strategic & Technical Alliance (cruxinvestor.com)
- Mogotes Metals Closes US$15 Million Strategic Investment by Rio Tinto and Formation of Strategic & Technical Alliance (newsfilecorp.com)
- Mogotes Metals Closes $15M Rio Tinto Investment (stocktitan.net)