Business
Minaurum Gold Announces C$5,000,000 Marketed Offering
TORONTO, May 04, 2020 (GLOBE NEWSWIRE) -- Minaurum Gold Inc. (“Minaurum” or “Company”) (TSX.V:MGG) is pleased to announce that it has entered into an agreement
About this update from Minaurum Silver Inc.
[{"type":"text","content":" TORONTO, May 04, 2020 (GLOBE NEWSWIRE) -- Minaurum Gold Inc. (“Minaurum” or “Company”) (TSX.V:MGG) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (“Clarus”) on behalf of a syndicate of agents (collectively with Clarus, the “Agents”), whereby the Agents will raise up to C$5,000,000 (the “Offering”) through an Offering of up to 12,500,000 units of the Company (the “Units”) to be priced at C$0.40 per Unit. Each Unit is comprised of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), with each Warrant entitling the holder to purchase one Common Share at an exercise price of $0.60 for 24 months following the completion of the Offering. The proceeds raised from the Offering will be used by Minaurum for the exploration of the Alamos Silver project and for working capital purposes. The Offering is scheduled to close on or about May 28, 2020, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Units to be issued under this Offering will also be offered offshore, including in the United Kingdom pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the issuer and its management, as well as financial statements. Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is a Mexi...