On May 2, 2023, Meridian Mining announced that the company had completed an $18.4 million bought deal public offering by issuing 36, 000, 000 common shares of the Company at $0.50 per Offered Share. Including the company, the co-lead underwriters included Beacon Securities Limited and Raymond James Ltd. The underwriters included Cormark Securities Inc., CIBC World Markets Inc. and Stifel Nicolaus Canada Inc. Meridian Mining plans to use the net proceeds to enhance the development of the Cabaçal project, regional exploration in the Cabaçal district and exploration of other Brazilian projects, working capital and general corporate purposes.
Meridian Mining engages in the acquisition and development of mining projects in Brazil.
Osler, Hoskin & Harcourt LLP advised Meridian Mining with a team consisting of Alan Hutchison, Minji Park, Lauren Sutherland (Corporate) and Kim Maguire (Tax).