The Prospector News

Montage Gold Corp. Announces Full Exercise of Underwriters’ Over-Allotment Option

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

Montage Gold Corp. announced that in connection with its previously announced upsized initial public offering of an aggregate of 27,272,728 common shares at a price of $1.10 per Share for total gross proceeds of $30,000,001, which closed on October 23, 2020, the underwriters have fully-exercised their over-allotment option to acquire an additional 4,090,909 Shares at the Offering Price resulting in additional aggregate gross proceeds of approximately $4,500,000.

 

Raymond James Ltd. and Stifel GMP acted as co-lead underwriters for the Offering with respect to a syndicate that included BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Beacon Securities Limited, Cormark Securities Inc., and Sprott Capital Partners LP.

 

No securities regulatory authority has either approved or disapproved of the contents of this news release. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the common shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

About Montage Gold Corp.

 

Montage Gold Corp. is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the Morondo Gold Project (“MGP”), located in northwest Côte d’Ivoire, which hosts an Inferred Mineral Resource of 52.5Mt grading 0.91 g/t for 1,536koz of gold, based on a 0.5 g/t cut-off grade. Montage has a management team and board with significant experience in discovering and developing gold deposits in Africa. The Inferred Mineral Resource was estimated using an optimal pit shell generated for constraining Inferred Mineral Resources with dimensions of approximately 1,100 m by 620 m, with a maximum depth of around 260 m, and used a gold price of US$1,500/oz. See the Company’s amended and restated technical report entitled “Amended and Restated NI 43-101 Technical Report for the Morondo Gold Project, Côte d’Ivoire” with an effective date of September 17, 2020, available on SEDAR at www.sedar.com, which was prepared for the Company by Jonathon Robert Abbott, BASc Appl. Geol, MAIG, of MPR Geological Consultants Pty Ltd. and Remi Bosc, Eurgeol, of Arethuse Geology SARL, who are “qualified persons” and “independent” of Montage within the meanings of NI 43-101.

 

Posted October 30, 2020

Share this news article

MORE or "UNCATEGORIZED"


Ramon Davila Joins Board of Directors of Vangold Mining

VanGold Mining Corp. (TSX-V:VGLD) (OTC PINK:VGLDF) is pleased to ... READ MORE

May 12, 2021

Vanadium One and Glencore Enjoin to Support Development of the Mont Sorcier Iron and Vanadium Project

Chibougamau Independent Mines Inc. (TSX-V:CBG) (Frankfurt:CLL1) (... READ MORE

May 12, 2021

Apollo Signs Definitive Acquisition Agreement to Create Significant US Pure Silver Exploration and Development Company

Apollo Gold & Silver Corp.  (TSX-V: APGO) is pleased to anno... READ MORE

May 12, 2021

Troilus Expands Western Footprint of J Zone; Intersects 2.12 g/t AuEq Over 13 Metres and 1.10 g/t AuEq Over 68 Meters Within 200 Metres of Surface

Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) reports positive dri... READ MORE

May 12, 2021

Hudbay Announces First Quarter 2021 Results

Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) released its first qua... READ MORE

May 12, 2021

Copyright 2021 The Prospector News