15:45:58 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Minaurum Gold Inc
Symbol MGG
Shares Issued 60,466,546
Close 2014-01-06 C$ 0.065
Market Cap C$ 3,930,325
Recent Sedar Documents

Minaurum Gold boosts private placement to $1.3-million

2014-01-07 15:39 ET - News Release

Mr. Darrell Rader reports

MINAURUM GOLD INCREASES SIZE OF NON BROKERED PRIVATE PLACEMENT TO $1.3 MILLION

Minaurum Gold Inc., further to its news releases dated Dec. 20, 2013, and Dec. 27, 2013, will increase the size of its non-brokered private placement to a total of 26 million units to raise gross proceeds of $1.3-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.

The private placement is subject to TSX Venture Exchange approval. Finders' fees may be payable with respect to portions of the private placement, in accordance with exchange policies.

We seek Safe Harbor.

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