Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp

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Post by zack50on May 13, 2021 5:22pm

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Post# 33197205

Marathon Gold Update...

Marathon Gold Raises C$50 Million in a Private Placement of Common, Flow-Through, Shares

05:19 PM EDT, 05/13/2021 (MT Newswires) -- Marathon Gold (MOZ.TO) on Thursday said it is raising C$50 million in a private placement of common and flow-through shares to fund development of its Valentine gold project in Newfoundland.

The company said it placed14.29 million common shares priced at C$2.45 each, and 4.84 million flow-through shares priced at C$3.10 each. The entire offering was acquired by Pierre Lassonde and Trinity Capital Partners and affiliates.

"Marathon is very pleased to have the important and strategic institutional Investor become a more meaningful shareholder, and to see Mr. Lassonde and Trinity continue to grow their investments in the company. The private placement represents a strong expression of support for the Valentine Gold Project and the company's ongoing growth," the company said in a release.

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