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MINAURUM GOLD INC. ANNOUNCES C$5.0M BEST EFFORTS PRIVATE PLACEMENT
MINAURUM GOLD INC. ANNOUNCES C$5.0M BEST EFFORTS PRIVATE PLACEMENT Canada NewsWire ...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"\n\n\n\n MINAURUM GOLD INC. ANNOUNCES C$5.0M BEST EFFORTS PRIVATE PLACEMENT\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\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . NOT AN OFFER OF SECURITIES FOR SALE IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 23, 2025\n \n\n /CNW/ - Minaurum Gold Inc. (\"\n \n Minaurum\n \n \" or the \"\n \n Company\n \n \") (TSXV: MGG) (OTCQX: MMRGF) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (\"\n \n Cormark\n \n \"), on behalf of itself and on behalf of a syndicate investment dealers, (collectively, the \"\n \n Agents\n \n \") 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\n \n C$5 million\n \n (the \"\n \n Offering\n \n \").\n \n\n The Offering will consist of the issuance and sale of 20,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.25\n \n per Unit (the \"\n \n Issue Price\n \n \"). Each Unit will consist of one common share of the Company (each, a \"\n \n Unit Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n C$0.37\n \n on the date that is 24 months following the Closing Date (as defined below).\n \n\n The 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\n \n C$750,000\n \n .\n \n\n The Company intends to use net proceeds from the Offering for exploration expenditures on the Company's\n \n Alamos\n \n silver project, property maintenance and permitting costs and for general working...