Denarius Metals Raises CA$6.5 Million through Private Placement
March 20, 2025, Toronto, Ontario
Denarius Metals Corp. (Cboe CA: DMET, OTCQX: DNRSF) (“Denarius Metals” or the “Company”), a mining company focused on the exploration and development of gold and silver projects in Spain, is thrilled to announce the successful closing of its non-brokered private placement (the “Offering”).
Details of the Private Placement
Under the terms of the Offering, Denarius Metals issued a total of 13,138,000 Units for gross proceeds of CA$6,569,000. Each Unit consisted of one common share and one common share purchase warrant. The common shares were sold at a price of CA$0.50 per share.
What Does This Mean for Denarius Metals?
With the successful completion of the Offering, Denarius Metals will have additional financial resources to continue its exploration and development activities in Spain. The funds raised will be primarily used to advance its flagship project, the Castillo de San Gines Gold-Silver Project, located in the historic Huelva Mining Camp in southwestern Spain.
Impact on Shareholders
The successful raising of CA$6.5 million through this private placement is a positive sign for existing shareholders. The influx of new funds will enable the Company to progress its projects more efficiently and potentially lead to increased shareholder value through potential discoveries and exploration successes.
Global Implications
Denarius Metals’ success in securing CA$6.5 million through a private placement is a testament to the ongoing investor interest in the mining sector, particularly in gold and silver exploration. This news could potentially encourage other mining companies to pursue similar financing methods to fund their projects, contributing to the overall growth and development of the mining industry.
Conclusion
Denarius Metals’ successful CA$6.5 million private placement marks an exciting milestone for the Company, providing the necessary funds to continue advancing its projects in Spain. This news not only benefits Denarius Metals’ shareholders but also contributes to the broader mining industry by showcasing ongoing investor interest in the sector. Let’s keep an eye on Denarius Metals as they continue to explore and develop their projects, bringing us closer to potential discoveries and future growth.
- Denarius Metals completes CA$6.5 million private placement
- Funds to be used for exploration and development activities
- Positive sign for existing shareholders
- Encourages investor interest in the mining sector
