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Montage Announces $15 Million Private Placement of Common Shares
Montage Announces $15 Million Private Placement of Common Shares Canada NewsWire ...
About this update from Montage Gold Corp.
[{"type":"text","content":"\n \n \n \n Montage Announces $15 Million Private Placement of Common Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 29, 2023\n \n \n /CNW/ -\n \n Montage Gold Corp.\n \n (\"\n \n Montage\n \n \" or the \"\n \n Company\n \n \") (TSXV: MAU) (OTCQX: MAUTF) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), in connection with a \"bought deal\" private placement of 21,428,600 common shares of the Company (the \"\n \n Offered Shares\n \n \") at a price of\n \n $0.70\n \n per Offered Share for gross proceeds of $15 million (the \"\n \n Offering\n \n \").\n \n \n The net proceeds from the issue of the Offered Shares is intended to be used for the Company's ongoing exploration and drilling program at the Koné Gold Project, including the advancement of an updated mineral resource estimate and for work related to an updated feasibility study, and for working capital and general corporate purposes, as further described in the Offering Document (as defined below).\n \n \n The Offering is expected to close on or about\n \n April 12, 2023\n \n , or such other date as the Company and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange.\n \n \n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \"), it is contemplated that: (i) 14,285,700 Offered Shares will be offered for sale to purchasers resident in\n \n Canada\n \n and/or other qualifying jurisdictions pursuant to the listed issuer financing exempt...