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 templetooth2on Sep 13, 2022 11:30am

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Post# 34959500

Dilution Calculation

Headline number is 136.36 million shares. Assume the greenshoe is exercised in full, an additional 20.45 million, resulting in 156.82 mm new shares.

Add 78.4 mm warrants. Total: 235.2 million dilution.

Previously, 270 million shares, now 505 million fully-diluted.

87% dilution. Unbelievable!

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Corus reports Q1 profit drop in the face of falling revenue