Minaurum Announces $6M Private Placement; Closes $4.7M First Tranche
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: May 8, 2018 TRADING SYMBOL TSX.V: MGG
(MGG 2018 – NR #3)
Minaurum Announces $6M Private Placement; Closes $4.7M First Tranche
Minaurum Gold Inc. (“Minaurum”) is pleased to announce that it has raised $4,792,500 in its
first tranche of a total $6M non-brokered private placement.
The proceeds of the private placemen t will be used by Minaurum for its ongoing exploration
program at the Alamos Silver project in Sonora State, Mexico, as well as for working capital
purposes.
A total of 10,650,000 units were issued at a price of $0. 45 per unit for gross proceeds of
$4,792,500. Each unit consists of one common share and one half common share purchase
warrant. Each warrant will entitle the holder thereof to acquire one additional common share of
Minaurum for a period of 18 months at an exercise price of $0.65. No finder’s fees were paid in
connection with this tranche. The securities issued under the offering will be subject to a four
month hold period in accordance with applicable Canadian securities laws.
Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is
a Mexico -focused explorer concentrating on the high -grade Alamos Silver project in southern
Sonora State. With a property portfolio encompassing multiple additional district -scale projects,
Minaurum is managed by one of the strongest technical and finance teams in Mexico.
Minaurum's goal is to con tinue its founders' legacy of creating shareholder value by making
district-scale mineral discoveries and executing accretive mining transactions. For more
information, please visit our website at www.minaurum.com and our YouTube Minaurum Video
Channel.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations Manager
(778) 330 0994 or via email at [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
___________________________________________________________________________
2300 – 1177 West Hastings Street Telephone 778 330-0994
Vancouver, BC V6E 2K3 www.minaurum.com
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward -
looking information. In making the forward -looking statements in this release, Minaurum has applied certain
factors and assumptions that are base d on Minaurum’ s current beliefs as well as assumptions made by and
information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable
based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in
this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ
materially from those expressed or implied in such forward -looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements. Minaurum does not intend, and expressly disclaims any intention or
obligation to, update or revise any forward -looking statements whether as a result of new information, future events
or otherwise, except as required by law.