Newmont exercises top-up rights to purchase additional shares of metallic minerals

Vancouver, bc / accesswire / september 17, 2024 / metallic minerals corp. (tsx.v:mmg)(otcqb:mmngf)("metallic minerals" or the "company") announces that newmont corporation ("newmont") has elected to exercise its 'top-up right' to purchase additional common shares in metallic minerals in order to maintain its 9.5% interest pursuant to its investor rights agreement (the "ira") dated may 18, 2023. under the terms of the ira, newmont will purchase an aggregate of 577,776 common shares at a price of $0.36 per share (the "top-up financing") reflecting the company's july financing and certain other transactions completed over the past six months.
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