Mr. Dylan Sidoo reports
MERIDIUS RESOURCES COMPLETES $650,000 INITIAL PUBLIC OFFERING;
SHARES TO COMMENCE TRADING ON TSX-V, SYMBOL "MRI" ON
FEBRUARY 26, 2018
Meridius Resources Ltd. has completed a $650,000 initial public offering (IPO) of its common shares and it is listing as a Tier 2 company on the TSX Venture Exchange. Meridius's common shares are expected to commence trading on the TSX-V under the symbol MRI on Feb. 26, 2018.
Haywood Securities Inc. acted as Meridius's exclusive agent in respect of the IPO, which consisted of the issuance of 6.5 million common shares of the company at a price of 10 cents per share for initial gross proceeds of $650,000.
The gross proceeds of the IPO will be directed primarily to exploring Meridius's Bonneville gold property, which comprises 36 mineral claims that cover approximately 2,018.29 hectares located 215 kilometres northeast of the city of Val d'Or and 70 kilometres northeast of the town of Lebel-sur-Quevillon in the province of Quebec, and for working capital.
About Meridius Resources Ltd.
Meridius is a mineral exploration company that is engaged in the business of the acquisition, exploration and development of mineral resource properties. The company's first project and core asset is the Bonneville gold property in Quebec.
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