Mexican Gold sets C$2.25 million subscription receipt financing to support planned Alcon Silver acquisition

PUBT · 06/17 19:32
Mexican Gold sets C$2.25 million subscription receipt financing to support planned Alcon Silver acquisition
- Mexican Gold Mining agreed to acquire Alcon Silver in a share-for-share deal at 1 post-consolidation Mexican Gold share per Alcon share.
- The buyer plans a 1.6667-for-1 share consolidation and a name change to Platauro Metals as part of the transaction.
- A concurrent non-brokered subscription receipt financing targets up to 11,250,000 receipts at CAD 0.2, raising up to CAD 2.25 million.
- Receipts convert at closing into one share and a half-warrant; each whole warrant exercises at CAD 0.3 for 30 months.
- Mexican Gold also extended Alcon an unsecured, non-interest-bearing CAD 250,000 interim loan that is cancelled on closing or converts to 12% repayable-on-demand.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mexican Gold Mining Corp. published the original content used to generate this news brief on June 17, 2026, and is solely responsible for the information contained therein.
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