The Prospector News

McEwen Mining Closes Flow-Through Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

McEwen Mining Closes Flow-Through Financing

 

 

 

 

 

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the closing of the previously announced private placement financing of 1,903,000 flow-through common shares for total gross proceeds of US$16.1 million (Cdn$22,016,150).

 

The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures and Canadian Development Expenditures, within the meaning of subsection 66(15) of the Income Tax Act (Canada), on McEwen Mining’s properties in the Timmins region:

 

Part 1 (CEE) of the financing consists of a US$7.3 million (Cdn$10,007,600) private placement of 788,000 flow-through common shares at a price of US$9.27 (Cdn$12.70); and

 

Part 2 (CDE) of the financing consists of a US$8.8 million (Cdn$12,008,550) private placement of 1,115,000 flow-through common shares at a price of US$7.86 (Cdn$10.77), (Part 1 and Part 2 together being the “Offering”).

 

Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC are acting as exclusive co-lead placement agents for the Offering and PearTree Canada structured the flow-through donation placement.

 

This press release is not an offer of common shares for sale in the United States. The common shares may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the US. Securities Act of 1933, as amended (the “U.S. Securities Act”), and applicable U.S. state securities laws. McEwen will not make any public offering of the securities in the United States. The common shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

 

ABOUT MCEWEN MINING

 

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper which owns the large, advanced stage Los Azules copper project in Argentina. The Company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Rob McEwen, Chairman and Chief Owner has personally provided the Company with $220 million and takes an annual salary of $1.

 

Posted December 15, 2023

Share this news article

MORE or "UNCATEGORIZED"


Blue Star Gold Announces Phase 2 Exploration Drilling Results at Auma Project - Bamako Prospect Returns 1.9 m of 16.74 g/t Au and 2.0 m of 10.6 g/t Au

Blue Star Gold Corp. (TSX-V: BAU) (OTCQB: BAUFF) (FSE: 5WP0) anno... READ MORE

August 26, 2026

Guanajuato Silver Reports Second Consecutive Quarter of Positive Net Income

GSilver reports Q2 operating income of US$9.1M Guanajuato Silver ... READ MORE

August 26, 2026

Scandium Canada Intersects 124.9 m at 232 ppm Scandium Oxide at Crater Lake and Identifies a Favourable Corridor of Nearly 3 km

HIGHLIGHTS First drill assay results from the 2026 Crater Lake dr... READ MORE

August 26, 2026

Legacy Gold Extends Main Zone Width to 1,020ft (310m), Intersecting 0.67 g/t Gold over 50ft (15.2m) and 0.39 g/t over 200ft (61.0m) at Baner, Idaho

Legacy Gold Mines Ltd. (TSX-V: LEGY) is pleased to report assay r... READ MORE

August 26, 2026

VR intersects 317 m at 0.77% CuEq starting at surface, above 419 m of 0.48% CuEq, in 881 m drill hole of continuous polymetallic stockwork veining at New Boston Porphyry-Skarn project, Nevada

0.77% CuEq* over 317m starting at surface;   0.48% CuEq* over 41... READ MORE

August 26, 2026

Copyright 2026 The Prospector News