Edmonton, Alberta--(Newsfile Corp. - July 30, 2025) - Metalero Mining Corp. (TSXV: MLO) (OTC Pink: CRTTF) (the "Company" or "Metalero") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced Offering from aggregate gross proceeds of up to $600,000 to aggregate gross proceeds of up to $850,000. The upsized Offering is comprised of the sale of up to 7,083,333 Units of the Company at a price of $0.12 per Unit. Each Unit will consist of one (1) common share in the capital of the Company and one (1) common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one (1) common share in the capital of the Company for up to two (2) years from the closing date, at a price of $0.25 per common share for the first year, and at a price of $0.35 per common share for the second year.
The proceeds of the Offering will be used to advance exploration at the Company's flagship Benson Project in central British Columbia, including follow-up work based on recently completed soil sampling and ground geophysical surveys. Funds will also be allocated to general working capital.
Metalero may pay finder's fees to arm's length finders in connection with this placement, and any finder's fees payable will be issued in accordance with the policies of the TSX Venture Exchange ("TSXV") and applicable securities laws. The Offering is subject to the approval of the TSXV. All securities issued will be subject to a four-month and one day hold period.
About Metalero Mining Corp.
Metalero Mining Corp. is a Canadian-based junior exploration company with offices in Vancouver and Edmonton. Metalero is nearing completion of a restructuring which has included a management change and new project focus, making its drill-ready gold assets in Nevada available for sale or option.
On behalf of the Board of Directors
"Rob L'Heureux"
Rob L'Heureux,
Chief Executive Officer and President
Email: robl@metalsgroup.com
Telephone: +1.780.437.6624
Metalero is part of the Metals Group of Companies, managed by exploration professionals who stand for technical excellence, robust project selection and strong corporate governance, with a proven ability to identify and capitalize on investment opportunities and deliver shareholder returns.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's exploration plans and results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements in this press release but are not limited to, statements with respect to the expectations of management regarding the Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, and receipt of acceptance from the TSXV in respect of the Offering. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the TSXV's acceptance of the Offering; the proceeds of the Offering may not be used as stated in this news release; Metalero may be unable to satisfy all of the conditions to the closing required by the TSXV. Metalero does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260693
SOURCE: Metalero Mining Corp.
