- Vancouver-based Minaurum Gold announced it is increasing the size of the company’s bought deal public offering from C$7 million to $8 million
- The company made the announcement along with underwriter Red Cloud Securities because of significant demand
- The 20,000,000 units of the company will be offered by way of a short form prospectus to be filed in British Columbia, Alberta and Ontario
- The company expects to use the gross proceeds for the exploration of its mineral projects in Mexico
- Minaurum Gold is down 12.22 per cent, trading at $0.40 at 12:03 pm ET
Vancouver-based Minaurum Gold (MGG) announced it is increasing the size of the company’s bought deal public offering from C$7 million to $8 million.
The company made the announcement along with underwriter Red Cloud Securities because of significant demand.
The 20,000,000 units of the company will be offered by way of a short form prospectus to be filed in British Columbia, Alberta and Ontario.
Units may also be sold in certain offshore jurisdictions and in the United States.
The junior mineral exploration company expects to use the $8 million gross proceeds from the offering for the exploration of the its mineral projects in Mexico.
The offering is scheduled to close on or around July 9, 2021, and is subject to the completion of formal documentation and receipt of all regulatory approvals including the approval of the TSX Venture Exchange.
Minaurum Gold is a Mexico-focused explorer concentrating on the high-grade Alamos Silver Project in southern Sonora. The company has a property portfolio encompassing multiple additional district-scale projects.
The company recently restarted phase II drilling at the Alamos Silver Project.
Minaurum Gold is down 12.22 per cent, trading at $0.40 at 12:03 pm ET.