Minaurum Announces C$4,200,000 Non-Brokered Private Placement
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: May 14th, 2020 TRADING SYMBOL TSX.V:MGG
(MGG 2020 – NR #5)
Minaurum Announces C$4,200,000 Non-Brokered Private Placement
Vancouver, B.C. – Minaurum Gold Inc. (“Minaurum” or the “Company”) is pleased to announce
that, concurrent with its C$5,000,000 marketed private placement offering announced on May 4,
2020, led by Clarus Securities Inc. on behalf of a syndicate of agents, the Company has agreed to
issue up to a further of 10,500,000 units of the Company (the “ Units”) at a price of C$0.40 per
Unit, for additional gross proceeds of up to C$4,200,000 , on a non -brokered private placement
basis (the “Non-Brokered Private Placement”).
Each Unit will consist of one common share of the Company (each, a “Common Share”) and one-
half of one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the
holder to purchase one Common Share at an exercise price of C$0.60 for 24 months following the
date of issuance.
The Company intends to use the proceeds from the Non-Brokered Private Placement for
exploration of the Alamos Silver project and general working capital purposes.
Closing of the Non-Brokered Private Placement is subject to all neces sary regulatory approvals
including acceptance from the TSX Venture Exchange (the “Exchange”). Finder’s fees may be
payable with respect to the Non-Brokered Private P lacement, in accordance with Exchange
policies.
All securities issued in connection with the Non-Brokered Private Placement will be subject to a
four-month hold period from the closing date under applicable Canadian securities laws, in
addition to such other restrictions as may apply under applicable securities laws of jurisdictions
outside Canada. Certain ins iders of the Company may acquire Units under the Non-Brokered
Private Placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and wil l not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to, or for the account or benefit of,
U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws,
unless an exemption from such registration is available.
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. 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 continue 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]
___________________________________________________________________________
2300 – 1177 West Hastings Street Telephone 778 330-0994
Vancouver, BC V6E 2K3 www.minaurum.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward Looking Statements.
Certain statements contained in this news release constitute "forward -looking information" as such term is used in
applicable Canadian securities laws, including statements relating to the Company's plans to conduct the Non-
Brokered Private Placement. Forw ard-looking information is based on plans, expectations and estimates of
management at the date the information is provided and is subject to certain factors and assumptions. In making the
forward-looking statements included in this news release, the Comp any has applied several material assumptions,
including but not limited to, that the Company's financial condition and development plans do not change as a result
of unforeseen events, that the Company will receive all required regulatory approvals, including Exchange approval,
for the Non-Brokered Private Placement, and that future metal prices and the demand and market outlook for metals
will remain stable or improve. Forward -looking information is subject to a variety of risks and uncertainties and
other factors that could cause plans, estimates and actual results to vary materially from those projected in such
forward-looking information. Factors that could cause the forward-looking information in this news release to change
or to be inaccurate include, but are not limited to: failure of the Non-Brokered Private Placement to be arranged on
the proposed terms or at all; unanticipated delays in obtaining or failure to obtain regulatory or Exchange approvals;
general economic, market or business conditions; changes in the Company's financial condition and development
plans; as well as the other risks and uncertainties applicable to mineral exploration and development activities and
to the Company as set forth in the Company's continuous disclosure filings fi led under the Company's profile at
www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those anticip ated in such statements. Accordingly, the reader
should not place any undue reliance on forward -looking information or statements. The Company undertakes no
obligation to update forward-looking information or statements, other than as required by applicabl e law.