Metallic Minerals Corp V.MMG

Alternate Symbol(s): MMNGF

Metals & Mining Industrial Metals & Minerals

Metallic Minerals Corp. is a Canada-based exploration and development stage company. The Company is focused on copper, silver, gold and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Its flagship Keno Silver project is a 100%-owned, brownfields property consisting of 171 square kilometers (km2) in the historic Keno Hill Silver District of Canada’s Yukon Territory. The La Plata project covers 44 km2 within the high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. The Company holds 100% interest in 26 miles (36.4 km2) of creek and bench mining rights along the Australia Creek drainage, in the Klondike gold district near Dawson City, Yukon. It owns 100% interest in mining rights consisting of 10 claims totaling one mile (1.6 kilometers) along a bench of Dominion Creek, in the Klondike gold district near Dawson City, Yukon.

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Metallic Minerals Corp

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Comment by JohnSilveron Jul 17, 2011 2:08pm

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Post# 18840253

RE: MAN-IPO May 19, 2011

There is only one class of share and before the float, there were already 22.9m shares in issue.

According to the Q3 Financial Report, there were 16.6m shares at July 31, 2009. A private placement at 30 cents
and debt settlement at 25 cents raised this to 17.1m by July 31, 2010. Between that date and April 2011, another private placement at 25 cents raised another 5m+ shares taking it up to 28.9m shares after the IPO.

Fully diluted it will be 34.8m after 3m warrants at 65 cents and 2.9m options at 40 cents. The warrants will bring in nearly C$2m if exercised.

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