On February 22, 2018, Meridius Resources (“Meridius” or the “Company”) completed a C$650,000 initial public offering (“IPO”), which consisted of the issuance of an aggregate of 6,500,000 units at a price of C$0.10 per unit. Each unit was comprised of one common share. Haywood Securities Inc. acted as the exclusive agent in respect of the IPO.
On February 26, 2018, Meridius’ common shares commenced trading on the TSX Venture Exchange under the trading symbol “MRI”.
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 Québec consisting of 36 mineral claims that cover approximately 2,018.29 hectares located in the township of Duplessis. The company was founded in 2017 and is headquartered in Vancouver, Canada.