Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

MGT Capital Investments Inc T.MGT.WT.U


Primary Symbol: MGTI

MGT Capital Investments, Inc. is engaged in cryptocurrency activities with operations at an owned and managed Bitcoin mining facility in LaFayette, Georgia. The Company’s business activities are comprised of self-mining operations, providing hosting services, and leasing space to third parties. The Company owned approximately 35 Antminer S19 Pro miners providing about 3 Ph/s in hash power for self-mining. It also offers third-party owners of miners a hosting service whereby the Company operates and maintains the miners for a fixed monthly fee. Its miners and those hosted for others are housed in a modified shipping container on the Company’s owned property in Georgia. The Company owns the entire facility, including land and improvements, five 2500 kilovolt-amp (KVA) three-phase transformers, and three mining containers. The Company is exploring the 10 MW expansion potential at its property as well as investigating other sites to develop Bitcoin mining facilities.


GREY:MGTI - Post by User

Bullboard Posts
Post by scissors14on Mar 04, 2011 6:26am
909 Views
Post# 18230372

Mines Management, Inc. Prices $15 Million Public O

Mines Management, Inc. Prices $15 Million Public OMines Management, Inc. Prices $15 Million Public Offering
3/3/2011 8:07 AM - Business Wire

SPOKANE, Wash., Mar 03, 2011 (BUSINESS WIRE) --

Mines Management, Inc. ("Mines Management" or the "Company") (NYSE Amex: MGN) (TSX: MGT) is pleased to announce that it has priced an underwritten public offering of 4,800,000 shares of common stock at a price to the public of $3.15 per share. Mines Management expects that the offering will yield net proceeds, before estimated offering expenses, of approximately $14.2 million and intends to use the net proceeds from this offering for (i) the advancement of the permitting process for its Montanore Project and the commencement of the Company's planned delineation drilling program, which will include advancement of the adit, establishment of drilling stations and commencement of exploratory drilling, and (ii) for general corporate purposes, including possible acquisition and exploration of new mining properties.

Roth Capital Partners acted as sole manager for the offering. In connection with the offering, Mines Management granted Roth Capital Partners a 30-day option to purchase up to an additional 720,000 shares to cover over-allotments, if any. The offering is expected to close on or about March 8, 2011, subject to the satisfaction of customary closing conditions.

The offering is being made by way of a shelf registration statement, which was declared effective by the Securities and Exchange Commission ("SEC") on October 27, 2009, a base shelf prospectus and a preliminary prospectus supplement, each of which has been filed with the SEC. Electronic copies of the final prospectus supplement, when available, may be obtained by either contacting the underwriter (as set forth below) or by accessing the SEC website, www.sec.gov.

Roth Capital Partners, LLC Attn: Syndicate Department 24 Corporate Plaza Newport Beach, CA 92660 Phone: 800-678-9147 Email: Rothecm@roth.com

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the prospectus or the Company's shelf registration statement.

About Mines Management Inc.

Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties, primarily those containing silver and associated base and precious metals. Its primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana.

For further information, please contact:

Mines Management, Inc. Attn: Douglas Dobbs 905 W. Riverside Ave., Ste. 311 Phone: 509-838-6050 Fax: 509-838-0486 Email: info@minesmanagement.com

Bullboard Posts