Minaurum Closes Second Tranche of Oversubscribed Private Placement
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: May 24, 2018 TRADING SYMBOL TSX.V: MGG
(MGG 2018 – NR #4)
Minaurum Closes Second Tranche of Oversubscribed Private Placement
Minaurum Gold Inc. (“Minaurum”) is pleased to announce that its previously announced private
placement (see News Release dated May 8, 2018) is oversubscribed and it is increasing the
private placement to $7,000,000, subject to TSX Venture Exchange approval . In addition,
Minaurum has now closed the second tranche of the private placement raising $ 909,999.45.
Total gross proceeds raised in the first two tranches are $5,702,499.45.
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 2,022,221 units were issued in the second tranche at a price of $0.45 per unit for gross
proceeds of $909,999.45. 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.
Finder’s fees were paid in connection with this tranche totaling $1 3,500 in cash and 30,000
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 September 25, 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 made by and
information currently available to Minaurum , includi ng 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 in formation 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 o r 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, inability 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.