Mr. Rob McEwen reports
MCEWEN MINING ANNOUNCES PROPOSED PUBLIC OFFERING
McEwen Mining Inc. intends to offer shares of its common stock and warrants to purchase its common stock in a registered underwritten public offering, subject to market and other conditions. McEwen Mining also expects to grant the underwriters a 30-day option to purchase up to an additional 15 per cent of the shares of common stock and warrants sold in the public offering.
The company intends to use the net proceeds from the offering for advancing its current mining projects and exploration prospects, for additional operating capital, and for general working capital purposes.
Roth Capital Partners and Cantor Fitzgerald Canada Corp. are acting as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
The securities described herein are being offered pursuant to a registration statement on Form S-3 (file No. 333-224476) that was filed in the United States with the Securities and Exchange Commission and declared effective on July 6, 2018, and in Canada. McEwen will file a preliminary prospectus supplement with the Securities and Exchange Commission and file a Canadian preliminary prospectus supplement under the northbound multijurisdictional disclosure system with securities regulatory authorities in each of the provinces of Canada other than Quebec for the offerings to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus and other documents the issuer has filed with the SEC and Canadian securities regulators for more complete information about the issuer and these offerings. You may get these documents at no charge by visiting EDGAR on the SEC website or by visiting the SEDAR website. Copies of the preliminary prospectus supplement and the accompanying prospectus related to the offering, when filed, may also be obtained in the United States by contacting Roth Capital Partners LLC, 888 San Clemente Dr., Newport Beach, Calif., 92660, attention: prospectus department, by calling 800-678-9147 or in Canada by contacting Cantor Fitzgerald Canada Corp., attention: equity capital markets, 181 University Ave., Suite 1500, Toronto, Ont., M5H 3M7, by e-mailing firstname.lastname@example.org, or in the United States by contacting Cantor Fitzgerald & Co., attention: capital markets, 499 Park Ave., sixth floor, New York, N.Y., 10022, by e-mailing email@example.com.
About McEwen Mining Inc.
McEwen Mining is a diversified gold and silver producer and explorer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen's goal is to create a profitable gold and silver producer focused in the Americas.
Rob McEwen, chairman and chief owner, owns 22 per cent of the company's shares.
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