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| Home : Valentine Gold Camp 2016 Summer Program Kicks Off With $3M Financing, Drilling & Continued Metallurgical Work |
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May 04
2016 |
Valentine Gold Camp 2016 Summer Program Kicks Off With $3M Financing, Drilling & Continued Metallurgical Work |
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TORONTO, ON--(Marketwired - May 03, 2016) -
Marathon Gold Corporation ("Marathon" or the "Company")
(TSX: MOZ)
today announced plans for its 2016 summer drill program and an update on its current bought deal private placement financing, announced previously in Marathon's press release on April 21, 2016. Marathon Gold was notified by Canaccord Genuity Corp., the underwriter of the financing, that it would exercise its over-allotment option to increase the $2 million bought deal financing to $3 million. The financing is comprised of flow-through shares priced at $0.27 per share and units priced at $ 0.23 per unit, with each unit comprised of a common share and a half warrant. The proceeds of this financing will be used for advancing the Valentine Lake project. |
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| Source:http://www.marketwired.com/mw/release.do?id=2120812&sourceType=3 |
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