Mx2 Mining Closes C$16 Million Private Placement

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TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Mx2 Mining Inc. (“Mx2” or the “Company”) is pleased to announce the closing of its previously announced brokered private placement (the “Offering”) of common shares of the Company (the “Common Shares”) and subscription receipts of the Company (the “Subscription Receipts”, and together with the Common Shares, the “Offered Securities”). Under the Offering, the Company issued a total of 3,320,000 Common Shares and 28,680,000 Subscription Receipts, at an issue price of C$0.50 per Offered Security, for aggregate gross proceeds of C$16.0 million. Each Subscription Receipt will entitle the holder to receive one Common Share upon the satisfaction of the Escrow Release Conditions (as defined below).

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