Marathon’s Step-out Drilling in NE end of Marathon Deposit Open Pit Hits 3.16 g/t Au over 20 meters with 8.94 g/t Au over 5 meters, Valentine Lake Gold Camp, Newfoundland
Highlights:
Tag: T.MOZ
Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp:
1,846,500 ounces M&I at 1.88 g/t gold and 1,011,700 ounces Inferred at 1.66 g/t gold
Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) today announced that it has made the regulatory filing of the report entitled “Technical Report on the Mineral Resource Estimate of the Valentine Lake Project.” The updated resource was announced on November 30, 2017 and completed under the direction of John T. Boyd Company. The company has also resumed drilling at the Valentine Lake Gold Camp.
Marathon Announces Closing of $5M Bought Deal Offering of Flow-Through Shares
Marathon Gold Corporation (TSX:MOZ) (OTCQX:MGDPF) (“Marathon” or the “Corporation“) is pleased to announce the closing of a “bought deal” private placement of an aggregate of 4,066,000 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (“Flow-Through Shares“) at an issue price of $1.23 per Flow-Through Share (the “Issue Price“) for aggregate gross proceeds of $5,001,180 (the “Offering“), including the exercise in full of the underwriters’ option to purchase an additional 1,650,000 Flow-Through Shares at the Issue Price. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters that included Haywood Securities Inc., RBC Capital Markets and Raymond James Ltd. (collectively, the “Underwriters“).
Marathon Gold Corporation Announces $2,029,500 Bought Deal Flow-Through Equity Financing
Marathon Gold Corporation (TSXV:MOZ) (“Marathon” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (collectively the “Underwriters”), whereby the Underwriters have agreed to purchase, on a “bought deal” basis, 1,650,000 flow-through common shares of the Company (the “Offering Shares”) at a price of $1.23 per Flow-Through Share for gross proceeds of $2,029,500 (the “Offering”). In addition, Marathon will grant the Underwriters an option to purchase from the Company up to an additional 1,650,000 Offering Shares at the Offering Price for additional gross proceeds of up to C$2,029,500 (the “Over-Allotment Option”). The Over-Allotment Option is exercisable up to 48 hours prior to the closing date of the Offering. This represents a 19% premium to the closing price of common shares of the Company on the TSX Venture Exchange (the “TSXV”) on December 11, 2017 and a 21% premium to the volume weighted average price of Marathon’s shares over the last five trading days.
Marathon Gold Shares Now Trading on the OTCQX
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) (OTCQX:MGDPF) is pleased to announce that the Company’s shares are now trading on the OTCQX Best Market in the United Stated under the symbol “MGDPF”. Marathon upgraded from the Pink Market. Investors can access trading, real-time level 2 quotes and a view a list of the Company’s news releases and financial disclosure documents at http://www.otcmarkets.com/stock/MGDPF/quote.
Marathon Gold at San Francisco Silver and Gold Summit
The Marathon Gold (T.MOZ) team invites you to visit us at Booth #403 at the 2017 Gold and Silver Summit
in San Francisco November 20-21, 2017