Minaurum Closes Oversubscribed $7M Private Placement
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: May 30, 2018 TRADING SYMBOL TSX.V: MGG
(MGG 2018 – NR #5)
Minaurum Closes Oversubscribed $7M Private Placement
Minaurum Gold Inc. (“Minaurum”) is pleased to announce that it has closed the final tranche of
its previously announced oversubscribed private placement (see News Release dated May 8 and
May 24 , 2018) raising $ 1,382,248.35. Minaurum has now raised t otal gross proceeds of
$7,084,747.80.
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 3,071,663 units were issued in the final tranche at a price of $0.45 per unit. Each unit
consists of one common share and one half common share purchase warrant. Each whole
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.
Finder’s fees were paid in connection with this tranche totaling $52,125 in cash, and 115,833
broker warrants exercisable for a period of 18 months at an exercise price of $0.65.
The securities issued under the offering will be subject to a four month and one day hold period
in accordance with applicable Canadian securities laws that will expire on October 1, 2018.
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 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]
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 , including statements regarding Minaurum's private placement financing and the use of
proceeds from such financing . In making the forward -looking statements in this release, Minaurum has applied
certain factors and assumptions that are based on Minaurum’ s current beliefs as well as assumptions m ade by and
information currently available to Minaurum , including that Minaurum is able to obtain required regulatory
approvals, Minaurum is able to complete the private placement financing and that Minaurum’s exploration plans
will not change . 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 c ause future results to differ materially from those
expressed or implied in such forward -looking statements. Such uncertainties and risks include, among others,
financing risks, delays in obtaining or inability to obtain required regulatory approvals, ina bility to complete the
private placement financing and a change in Minaurum’s exploration plans. 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.