Marathon Gold Announces an Increase to the Previously Announced Bought Deal Offering of Common Shares and Flow-Through Shares to $16 Million

T.MOZ, Marathon Gold, gold

Marathon Gold Corporation (T.MOZ) is pleased to announce that it has amended its agreement with RBC Capital Markets (“RBC”), pursuant to which a syndicate of underwriters led by RBC (the “Underwriters”) will purchase, on a bought-deal basis, 8,000,000 flow-through common shares of the Company (“Flow-Through Shares”) at a price of $1.25 per Flow-Through Share and increased the offering of Common Shares of the Company (“Common Shares”) from 4,850,000 common shares to 6,000,000 common shares at a price of $1.03 per Common Share for gross proceeds to the Company of $16,180,000 (the “Offering”). The Flow-Through Shares and Common Shares are collectively referred to herein as the “Shares”.read more

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