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MINAURUM GOLD INC. ANNOUNCES C$10.0M BEST EFFORTS PRIVATE PLACEMENT
MINAURUM GOLD INC. ANNOUNCES C$10.0M BEST EFFORTS PRIVATE PLACEMENT Canada NewsWire ...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"\n\n\nMINAURUM GOLD INC. ANNOUNCES C$10.0M BEST EFFORTS PRIVATE PLACEMENT\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES/\nVANCOUVER, BC, Dec. 3, 2025 /CNW/ - Minaurum Gold Inc. (\"Minaurum\" or the \"Company\") (TSXV: MGG) (OTCQX: MMRGF) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (\"Cormark\"), on behalf of itself and on behalf of a syndicate investment dealers, (collectively, the \"Agents\") pursuant to which Cormark has agreed to act as lead agent for and on behalf of Minaurum in connection with a \"best efforts\" private placement for aggregate gross proceeds of up to approximately C$10 million (the \"Offering\").\nThe Offering will consist of the issuance and sale of 27,778,000 units of the Company (the \"Units\") at a price of C$0.36 per Unit (the \"Issue Price\"). Each Unit will consist of one common share of the Company (each, a \"Unit Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a \"Warrant Share\") at a price of C$0.50 on the date that is 24 months following the Closing Date (as defined below). \nThe Company has granted the Agents an option, exercisable in whole or in part, at any time prior to Closing Date, to increase the size of the Offering to raise additional gross proceeds of up to approximately C$1,500,000.\nThe Company intends to use net proceeds from the Offering for exploration expenditures and completion of a phase II drill program on the Company's Alamos silver project, for property related expenditures and for general working capital purposes, all as further described in the offering document relating to the Offering.\nThe Company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106 Prospec...