On February 4, 2026, Fredonia Mining Inc. (“Fredonia”), a Toronto‑based precious metals explorer with projects in Argentina, completed an oversubscribed “best efforts” private placement of units for gross proceeds of C$7 million pursuant to the listed issuer financing exemption (the “Offering”). The net proceeds of the Offering will be used for the exploration and advancement of Fredonia’s El Dorado‑Monserrat Project in Santa Cruz, Argentina, as well as for general corporate and working capital purposes.
The Offering was led by ATB Cormark Capital Markets, as sole agent and bookrunner.
Fasken advised Fredonia with a team led by Myroslav Chwaluk (Corporate Finance and Securities, Mining), and which included Terence Bernard (Corporate Finance and Securities) and Alara Once (Articling Student).
Jurisdictions
- Ontario
- Argentina