18:15:39 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Marathon Gold Corp
Symbol MOZ
Shares Issued 179,113,202
Close 2020-05-04 C$ 1.58
Market Cap C$ 282,998,859
Recent Sedar Documents

Marathon Gold increases bought deal to $30M

2020-05-04 13:20 ET - News Release

An anonymous director reports

MARATHON GOLD ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED BOUGHT DEAL PUBLIC OFFERING OF UNITS TO C$30 MILLION

Marathon Gold Corp. has amended the terms of its previously announced bought deal offering of units of the company. Under the amended terms, Canaccord Genuity Corp., Sprott Capital Partners and RBC Capital Markets, as co-lead underwriters and on behalf of a syndicate of underwriters, have agreed to purchase, on a bought deal basis, 20 million units at a price of $1.50 per unit for aggregate gross proceeds of $30-million.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to acquire one common share of the company at a price of $1.90 per common share at any time on or before that date which is 12 months after the closing date.

In addition, the company will grant the underwriters an option to acquire up to an additional three million units at a price of $1.50 per underwriter option unit for additional gross proceeds of up to $4.5-million, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing date.

The company intends to use the net proceeds from the offering to continue the permitting, development and exploration of the Valentine gold project, as well as for working capital and general corporate purposes.

The offered securities will be offered by way of a short-form prospectus in each of the provinces of Canada, except Quebec, as agreed to by the company and the underwriters.

Closing of the offering is expected to occur on or about May 26, 2020, and is subject to certain conditions, including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and applicable securities regulatory authorities.

About Marathon Gold Corp.

Marathon is a Toronto-based gold company advancing its 100-per-cent-owned Valentine gold project, located in central Newfoundland, one of the top mining jurisdictions in the world. The project comprises a series of four mineralized deposits along a 20-kilometre system.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.