Mr. Darrell Rader reports
MINAURUM GOLD INCREASES SIZE OF NON BROKERED PRIVATE PLACEMENT TO $1 MILLION
Minaurum Gold Inc., further to its news release dated
Dec. 20, 2013, will increase the size of its non-brokered private placement to a total of
20 million units to raise gross proceeds of $1-million.
Each five-cent unit will comprise one common share and one common share purchase
warrant. Each warrant will entitle the holder thereof to acquire one additional
common share of Minaurum for a period of two years at an exercise price of five cents. The
warrants are subject to an acceleration clause providing that the warrants will be exercisable
within 30 days of receipt of notice from Minaurum, at any time following Dec. 31, 2014, in
the event that the common shares of Minaurum have closed at or above 20 cents for 15
consecutive trading days.
The funds raised by way of the private placement will be used for exploration and drill
permitting at its Vuelcos del Destino project in the Guerrero gold belt, as well as for working
capital purposes.
We seek Safe Harbor.
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