Bullboard - Stock Discussion Forum McEwen Mining Inc MUX

Alternate Symbol(s): T.MUX

Metals & Mining Gold

McEwen Mining Inc. is a gold and silver producer. It owns over 48% of McEwen Copper Inc., which owns the Los Azules copper project in Argentina. Its segments include Canada, United States, Mexico, Minera Santa Cruz S.A. (MSC) and McEwen Copper. The United States segment includes the Gold Bar mine and its exploration properties in the State of Nevada. Canada segment includes the Fox Complex gold... see more

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McEwen Mining Inc > McEwen Mining Closes Flow-Through Financing

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Post by Betteryear2 on Mar 02, 2022 4:50pm

McEwen Mining Closes Flow-Through Financing

TORONTO, March 02, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the closing of the previously announced private placement offering (the “Offering”) of 14,500,000 flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) priced at US$1.04 (Cdn$1.325) per flow-through common share for total gross proceeds of US$15,080,000 (Cdn$19,212,500). The sole bookrunner for the Offering was Cantor Fitzgerald Canada Corporation and PearTree Canada structured the flow-through donation placement.

The proceeds of this Offering will be used exclusively for qualifying Canadian Exploration Expenditures (CEE) on McEwen’s properties in the Timmins region.

McEwen Mining Closes Flow-Through Financing

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