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on Meridian Mining UK S (isin : GB00BN4LHY20)

Meridian Mining Upsizes Private Placement to CAD 17 Million

Meridian Mining UK S has increased its non-brokered private placement of common shares from CAD 10 million to CAD 17 million due to substantial investor interest. Each share is priced at CAD 0.39, and the placement aims to issue up to 43,589,744 shares. The funds will support the Cabaçal gold-copper project, including advancing the Preliminary Feasibility Study and initiating the Feasibility Study. Additional projects in the Cabaçal Au-Cu-Ag VMS belt in Brazil will also benefit, alongside general corporate purposes.

The private placement is scheduled to close the week of February 17, 2025, subject to regulatory approvals from the Toronto Stock Exchange. Investors should note a four-month hold period on securities issued under this placement, in compliance with Canadian laws. This offering is not registered under U.S. securities laws and is restricted from U.S. investors.

R. P.

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