Newsfile Corp
09 Oct 2026, 09:29 UTC · 1h ago
Montero Announces Closing of Non-Brokered Private Placement
Impact · against what's priced in
Montero has secured CAD$1.5 million in funding to advance its Elvira Gold Project and other Chilean assets. While the cash infusion supports exploration, it comes at the cost of a 24% increase in the common share count.
- MON+0.30
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- In context
The company raised CAD$1.5 million through a private placement at CAD$0.55 per unit to fund drilling at the Elvira Gold Project, though this diluted the share count by approximately 24%.
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