Medaro Mining Corp. announced that it has received CAD 4.521929 million in funding from Sprott Asset Management, LP
On November 17, 2021, Medaro Mining Corp. closed the transaction. The company issued 6,459,899 flow-through units for gross proceeds of CAD 4,521,929. The company paid finders fees of CAD 188,786 and 269,694 non-transferable finder warrants. Each Finder's Warrant is exercisable into one common share at CAD 0.90 for a period of two years from the date of issuance. The securities issued have a hold period of four-month and one-day hold period, which expires March 17, 2022