Non-brokered offering slated to finance repayment of debt facilities
By Devika Patel
Knoxville, Tenn., June 2 – Marlin Gold Mining Ltd. said Monday that it will conduct a C$13 million non-brokered private placement of stock with Wexford Spectrum Trading Ltd. and Wexford Catalyst Trading Ltd.
The company will sell 23,214,286 common shares at C$0.56 apiece, which is a 9.68% discount to the May 29 closing share price of C$0.62.
Proceeds will be used to pay down the company's debt facilities and for general corporate purposes.
Marlin is a gold miner based in Vancouver, B.C.
| Issuer: | Marlin Gold Mining Ltd.
|
| Issue: | Common shares
|
| Amount: | C$13 million
|
| Shares: | 23,214,286
|
| Price: | C$0.56
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investors: | Wexford Spectrum Trading Ltd. and Wexford Catalyst Trading Ltd.
|
| Pricing date: | June 1
|
| Stock symbol: | TSX Venture: MLN
|
| Stock price: | C$0.62 at close May 29
|
| Market capitalization: | C$47 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
