Miata Metals Corp. announced a private placement of up to 5,000,000 units of the company at a price of CAD 0.30 per unit for the gross proceeds of CAD 1,500,000 on June 5, 2024. Each unit consists of one common share of the Company and one-half of one common share purchase warrant.

Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD 0.50 per share for a period of 24 months from the issue date. The company may pay finder fees in connection with the private placement and the private placement is subject to the approval of the Canadian Securities Exchange. All securities to be issued in the private placement will be subject to a hold period of four months and one day from the date of issuance, under applicable securities laws in Canada.