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Marathon Gold raises $41m for Valentine project, shares up

May 14, 2021

Source: https://www.mining.com/marathon-raises-41m-for-valentine-project-shares-up/

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Valentine gold project (Credit: Marathon Gold)

Marathon Gold (TSX: MOZ) announced a non-brokered C$50 million ($41.27 million) private placement financing to support the continued advancement of its exploration and development activities at the Valentine gold project in Newfoundland.

The private placement financing consists of 14,285,714 common shares priced at C$2.45 per common share and 4,838,710 flow-through common shares priced at C$3.10 per flow-through common share for total gross proceeds of C$50,000,000.

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Valentine gold project (Credit: Marathon Gold)

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