02:20 PM EDT, 10/10/2024 (MT Newswires) -- Miata Metals ( MMETF ) on Thursday said it is upsizing a brokered private placement offering to raise up to $6.4 million from the previous $5 million target.

Miata will now issue 10.62 million units at $0.60 each. Each unit will consist of one common share and half a warrant. Each 24-month warrant can buy an additional share at $0.90.

Proceeds will be used for exploration purposes.

Miata was last seen down $0.02 to $0.70 on the Canadian Securities Exchange.

Price: 0.70, Change: -0.02, Percent Change: -2.78