Minaurum Announces Upsizing of Bought Deal Public Offering to C$8.0 Million
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: June 11, 2021 TRADING SYMBOL TSX.V:MGG
(MGG 2021 – NR#9)
Minaurum Announces Upsizing of
Bought Deal Public Offering to C$8.0 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Minaurum Gold Inc. (“Minaurum” or the “ Company”) (TSXV:MGG) (OTCQX: MMRGF) is pleased to
announce that due to significant demand, the Company and Red Cloud Securities Inc. (the “Underwriter”), as
sole underwriter and bookrunner, have increased the size of the Company’s previously announced offering from
C$7,000,000 to C$ 8,000,000. Under the revised offering, the Underwriter has agreed to purchase , on a bought
deal basis, 20,000,000 units of the Company (the “ Units”) at a price of C$ 0.40 per Unit (the “Unit Price”) for
gross proceeds of C$8,000,000 (the "Offering").
Each Unit will be comprised of one common share of the Company (each, a "Share") and one half of one common
share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Share
at a price of C$0.60 at any time on or before the date, which is 24 months after the closing date of the Offering.
The Company has granted to the Underwriter an option , exercisable for a period of 30 days after and including
the closing date of the Offering, to purchase up to 3,000,000 additional Units at the Unit Price to raise additional
gross proceeds of up to C$1,200,000 to cover over-allotments, if any, and for market stabilization purposes.
The Units will be offered by way of a short form prospectus to be filed in the Provinces of British Columbia,
Alberta and Ontario. The Units may also be sold in certain offshore jurisdictions and in the United States and to,
or for the account or benefit of, “U.S. persons” (as defined under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) to “qualified institutional buyers” (as defined in Rule 144A under the U.S.
Securities Act and to “accredited investors” as defined in Rule 501(a) of Regulation D under the U.S. Securities
Act, by way of a private placement basis pursuant to exemptions from the registration requirements of the U.S.
Securities Act.
The Company intends to use the net proceeds raised from the sale of Units for the exploration of the Company's
mineral projects in Mexico and general working capital purposes, as will be further disclosed in the Company's
short form prospectus. The Offering is scheduled to close on or around July 9, 2021 and is subject to the
completion of formal doc umentation and receipt of all regulatory approvals including, but not limited to, the
approval of the TSX Venture Exchange (the “TSXV”).
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 will not be registered under the U.S. Securities Act, as amended
or any securities laws of any state of the United States 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
securities laws of any state of the United States, or pursuant to an exemption from such registration requirements.
Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTCQX; 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 strong 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.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at [email protected]
Neither the TSXV nor its Regula tion Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
__________________________________________________________________________________________
2710 – 200 Granville Street
Vancouver, BC V6C 1S4
Telephone 778 330-0994
www.minaurum.com
Cautionary Note Regarding Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.
Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the
negative connotation thereof or variations of such words and phrases or state that ce rtain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. In particular,
this news release contains forward -looking information pertaining to the following: the likel ihood of completion of the
Offering, the use of proceeds from the Offering, the anticipated closing date of the Offering and the ability to obtain the
necessary regulatory authority and approvals in connection with the Offering.
In making the forward -looking information in this release, Minaurum has applied certain factors and assumptions that are
based 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 information in this release are subject to numerous risks, uncertainties and
other factors that may cause future results to differ mat erially from those expressed or implied in such forward -looking
information. Such factors include, among others: the inability to obtain the necessary regulatory approvals from the
applicable securities regulators or obtain the approval of the TSXV in conn ection with the Offering, the occurrence of a
material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the
inability of the Company to apply the use of proceeds from the Offering as anticipated; the ability of the Company to achieve
its corporate objectives or otherwise advance the progress of Minaurum; risks related to the international operations; the
timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling
results and other geological data; the Company's inability to obtain any necessary permits, consents or authorizations
required for its activities; an inability to predict and counteract the effects of COVID -19 on the busine ss of the Company,
including but not limited to the effects of COVID -19 on the price of commodities, capital market conditions, restriction on
labour and international travel and supply chains; general market and industry conditions; and those risks set ou t in the
Company's public documents filed on SEDAR.
Readers are cautioned not to place undue reliance on forward-looking information. Minaurum does not intend, and expressly
disclaims any intention or obligation to, update or revise any forward -looking in formation whether as a result of new
information, future events or otherwise, except as required by law.