Disseminated and paid for on behalf of Meridian Mining UK Societas. Meridian Mining replenished its cash reserves by raising C$50 million through an offering of over 64.1 million common shares sold at C$0.78 each. The funds will support the feasibility study for the Cabaçal Au-Cu project, develop Santa Helena, and expand exploration in the Cabaçal VMS belt. CEO Gilbert Clark expressed satisfaction with shareholder support and highlighted the company's strong cash position. Recent drilling at Cabaçal yielded promising results, identifying strong copper ore zones, with two new exploration licenses granted for further investigation in the region. Our next price target is at CAD 1.50.
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