On Wednesday, the company said its second tranche closed at $20,000 raised. The company was offering 400,000 units at five cents each in the second tranche. Each unit included a common share of the company, and a common share purchase warrant.
The firm intends to use the money for “general working capital requirements.”
Manotick-based Mazorro is described on Stockhouse as a junior mining company working to find, acquire and explore mineral properties in Mexico.
As of the close of markets Wednesday shares of the company were worth 5.5 cents each.