Mogotes Metals Announces Issuance of Common Shares in Connection with Option Agreement with Compania Minera del Pacifico S.A
Mogotes Metals (OTCQB:MOGMF) issued 2,310,579 common shares to Compañía Minera del Pacifico S.A.
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Rhea-AI Summary
Mogotes Metals (OTCQB:MOGMF) issued 2,310,579 common shares to Compañía Minera del Pacifico S.A. (CMP) under the mining option and exploration contract.
The shares were issued on December 1, 2025 at $0.3025 per share, equal to the TSX Venture Exchange closing price the day before issuance, to satisfy part of the payment due to CMP within 12 months of signing the Option Agreement. References to prior related releases are dated January 15, 2025 and February 18, 2025.
Details
News Market Reaction – MOGMF
On Dec 1, the day this news came out, MOGMF closed 6.63% below the previous close.
Data tracked by StockTitan Argus for the Dec 1 session.
Key Figures
- Shares issued
- 2,310,579 shares
- Issued to CMP under the Option Agreement
- Issue price
- $0.3025 per share
- Equal to TSXV closing price prior to issuance
- Payment window
- 12 months
- Portion of payment due to CMP within 12 months of signing
Historical Context
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Shares issued to CMP to satisfy part of option payment.
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Drilling commenced at Filo Sur targeting Cu and Au-Ag systems.
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Completed acquisition of 100% interest in Filo Sur via share issuance.
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Announced upcoming drilling of key targets at Filo Sur project.
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Granted stock options to insiders and consultants at fixed exercise price.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
option agreement financial
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Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce that the Company has issued 2,310,579 common shares in the capital of the Company (each, a "Common Share") to Compañía Minera del Pacifico S.A. ("CMP") pursuant to the terms of the mining option and exploration contract (the "Option Agreement") between CMP, the Company and Mogotes Metals Chile SpA, a subsidiary of the Company, to satisfy a portion of the payment due to CMP within 12 months of signing of the Option Agreement. The Common Shares were issued at a price of at a price of
For more information, please refer to the press releases of the Company dated January 15, 2025 and February 18, 2025, copies of which are available on the Company's profile on SEDAR+ at www.sedarplus.ca.
About Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company exploring for copper and gold in the prospective Vicuña district of Argentina and Chile. Mogotes flagship project, Filo Sur, adjoins the large Filo del Sol Copper-gold-silver discovery, and is along the same N-S trending belt as the Filo Del Sol - Aurora and NGEx Minerals Lunahuasi and Los Helados copper-gold deposits.
For further information, please contact:
Mogotes Metals Inc.
Allen Sabet, President and Chief Executive Officer
Phone: (647) 846-3313
Email: info@mogotesmetals.com
Follow Us
Twitter: https://x.com/mogotesmetals
Cautionary Note Regarding Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276428
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