Mx2 Mining Announces $15M Brokered Private Placement and Board Appointments

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Highlights:

TORONTO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Mx2 Mining Inc. (“Mx2” or the “Company”) is pleased to announce that it has launched a brokered private placement comprised of 3.12 million common shares of the Company (the “Common Shares”) and 26.88 million subscription receipts (the “Subscription Receipts”, and together with the Common Shares, the “Offered Securities”) at an issue price of C$0.50 per Offered Security for aggregate gross proceeds of approximately C$15 million (the “Offering”). Each Subscription Receipt will entitle the holder to receive one Common Share upon the satisfaction of the Escrow Release Conditions (as defined below). Due to significant investor demand, the Offering has been increased from C$7.5 million as previously announced by Aya Gold & Silver Inc. (“Aya”) on September 12, 2024.