Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) is pleased to announce that all remaining warrants from its June 30, 2016 financing have been fully exercised for gross proceeds of $1,746,600. Ownership in Metallic Minerals now totals 17.5% with Directors, management, and employees having exercised 100% of their warrants contributing $670,000.
Greg Johnson, Chairman & CEO, stated, “We are very pleased to have the ongoing support from our shareholders with these warrant exercises and particularly with the strong support shown by our management and employees recognizing the value that we are building in the Company. Our field teams are at work at the Keno Silver Project in the Yukon’s high-grade Keno Hill Silver District, along with at our other promising Yukon projects. We are excited about the second half of the year as we follow up on a number of important recent developments and value creating initiatives. We look forward to providing additional updates and reporting results from our exploration activities in the coming weeks and months.”
FOR FURTHER INFORMATION, PLEASE CONTACT:
Toll Free: 1-888-570-4420