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3 months ago
BRIEF-Marathon Gold announces $15 mln bought deal offering of common shares and flow-through shares
May 3, 2017 / 10:19 PM / 3 months ago

BRIEF-Marathon Gold announces $15 mln bought deal offering of common shares and flow-through shares

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May 3 (Reuters) - Marathon Gold Corp:

* Marathon Gold announces $15 million bought deal offering of common shares and flow-through shares

* Marathon Gold -agreement with RBC capital markets as per which syndicate of underwriters led by RBC to buy co's flow-through common shares, common shares

* Marathon Gold - RBC led underwriters to buy, on a bought-deal basis, 8 million flow-through common shares of co at a price of $1.25 per flow-through share

* RBC led underwriters to buy, on a bought-deal basis, 4.85 million common shares of co at a price of $1.03 per common share

* Marathon Gold - intends to use net proceeds of offering of common shares to continue exploration and development of valentine lake gold project Source text for Eikon: Further company coverage:

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