21:54:40 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Marlin Gold Mining Ltd
Symbol MLN
Shares Issued 679,990,109
Close 2014-04-17 C$ 0.11
Market Cap C$ 74,798,912
Recent Sedar Documents

Marlin files amended prospectus for offering

2014-04-17 20:18 ET - News Release

Mr. John Brownlie reports

MARLIN GOLD FILES AMENDED AND RESTATED PRELIMINARY PROSPECTUS FOR EQUITY OFFERING

Marlin Gold Mining Ltd. has filed an amended and restated preliminary prospectus in all of the provinces of Canada (other than Quebec), which amends the preliminary prospectus of the company filed on April 2, 2014. The amendments include the proposed pricing of the common shares, the proposed number of common shares to be issued, the total gross proceeds anticipated to be raised, the use of proceeds and certain other matters disclosed in the amended prospectus. The amended prospectus is being filed in connection with a marketed public offering of common shares pursuant to which it is proposed that the company will issue 100 million common shares at a price of 10 cents per common share for aggregate gross proceeds of $10-million. As previously disclosed in the company's news release dated April 2, 2014, the offering will be led by Cormark Securities Inc., and shall include a syndicate of underwriters including Dundee Securities Ltd., M Partners Inc., PI Financial Corp., Jacob Securities Inc. and Tempest Capital Corp. The closing of the offering is subject to certain closing conditions, including, but not limited to, the execution of an underwriting agreement with the underwriters and all necessary regulatory approvals, including any required approvals of the TSX Venture Exchange.

The net proceeds of the offering will be used to finance a portion of the acquisition payment to Golden Reign Resources Ltd. in connection with the acquisition of the San Albino gold deposit stream, to finance the company's proposed equity investment in Golden Reign or as otherwise described in the amended prospectus. There may be circumstances where, for sound business reasons, a reallocation of funds may be deemed prudent or necessary in the company's sole discretion.

We seek Safe Harbor.

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