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Minaurum Gold Inc. Announces Closing of Brokered Private Placement for Gross Proceeds of C$25M, Including Exercise in Full of Agents' Option
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Minaurum Gold Inc. (TSXV...
About this update from Minaurum Silver Inc.
[{"type":"text","content":"Minaurum Gold Inc. Announces Closing of Brokered Private Placement for Gross Proceeds of C$25M, Including Exercise in Full of Agents' OptionVancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (\"Minaurum\" or the \"Company\") is pleased to announce that it has completed its previously announced \"best efforts\" private placement (the \"Offering\") of 69,444,442 units of the Company (the \"Units\") at a price of C$0.36 per Unit for gross proceeds of approximately C$25,000,000, which included the exercise in full of the agents' option. Each Unit consists of one common share of the Company (\"Common Shares\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share (each, a \"Warrant Share\") at a price of C$0.50 at any time on or before December 11, 2027.Cormark Securities Inc. (\"Cormark\") acted as lead agent and sole bookrunner in connection with the Offering, on behalf of itself and a syndicate of agents including Beacon Securities Limited and Canaccord Genuity Corp. (collectively with Cormark, the \"Agents\"). In consideration for the services provided by the Agents in connection with the Offering, the Company paid the Agents a cash commission of C$1,423,354.76 and issued to the Agents 3,953,761 Common Share purchase warrants (the \"Broker Warrants\") on closing of the Offering. Each Broker Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.36 at any time on or before December 11, 2027. The Broker Warrants and underlying Common Shares are subject to a statutory hold period expiring on April 12, 2026. In addition, the Company paid a cash fee of C$11,249.99 and issued 31,250 Broker Warrants to an arm's length finder in connection with the Offering.The Company intends to use the 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 amended and restated offering document of the Company dated December 3, 2025 and filed on the Company's profile on SEDAR+ at www.sedarplus.ca, and in Minaurum's news release dated December 5, 2025.The Units w...