NetworkNewsBreaks — McEwen Mining Inc. (NYSE: MU
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Posted On: 11/22/2023 3:42:59 PM
NetworkNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Information on Flow-Through Financing
McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, announced financing aimed at funding continued exploration and development at the Fox Complex in the Timmins region of Ontario. According to the announcement, the proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (“CEE”) and Canadian Development Expenditures (“CDE”) on McEwen’s properties in the Timmins region. The company noted that the financing was comprised of two parts. Part 1 of the financing included a $7.3 million private placement of 788,000 flow-through common shares at a price of $9.27 and part 2 of the financing included a $8.8 million private placement of 1,115,000 flow-through common shares at a price of $7.86. McEwen anticipates the offering will close on or before Dec. 14, 2023, and is subject to standard closing conditions, including approval from the TSX and NYSE exchanges.
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McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, announced financing aimed at funding continued exploration and development at the Fox Complex in the Timmins region of Ontario. According to the announcement, the proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (“CEE”) and Canadian Development Expenditures (“CDE”) on McEwen’s properties in the Timmins region. The company noted that the financing was comprised of two parts. Part 1 of the financing included a $7.3 million private placement of 788,000 flow-through common shares at a price of $9.27 and part 2 of the financing included a $8.8 million private placement of 1,115,000 flow-through common shares at a price of $7.86. McEwen anticipates the offering will close on or before Dec. 14, 2023, and is subject to standard closing conditions, including approval from the TSX and NYSE exchanges.
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
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