On September 10, 2020 McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) announced the closing of a bought deal private placement in the upsized amount of 6,298,166 flow-through common shares at a price of US$1.65 (Cdn$2.18) per flow-through common share for total gross proceeds of US$10.4 million (Cdn$13.7 million). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole book-runner, and includes Roth Capital Partners, LLC, Red Cloud Securities Inc., and Maison Placements Canada Inc.
The proceeds of the offering will be used exclusively for generative exploration activities on McEwen’s properties in the Timmins region.
Fasken advised Cantor Fitzgerald Canada Corporation, on behalf of underwriting syndicate, with a team including Alex Nikolic, Garth Foster, Russell Lindzon and Ryan Kleinman (Securities).
The proceeds of the offering will be used exclusively for generative exploration activities on McEwen’s properties in the Timmins region.
Fasken advised Cantor Fitzgerald Canada Corporation, on behalf of underwriting syndicate, with a team including Alex Nikolic, Garth Foster, Russell Lindzon and Ryan Kleinman (Securities).
Jurisdiction
- Ontario
