Agent syndicate led by Stonecap also has a C$525,150 greenshoe
By Devika Patel
Knoxville, Tenn., Feb. 8 - Marathon Gold Corp. said it has increased a private placement of stock, which is being conducted by a syndicate of agents led by Stonecap Securities Inc. and including Octagon Capital Corp. The deal priced for C$3.5 million on Feb. 4 and will now raise C$4.03 million with a C$525,150 greenshoe.
The company will now sell 2,236,750 flow-through common shares at C$1.80 each on a bought-deal basis. The price per share is a 9.09% premium to the C$1.65 closing price on Feb. 3.
Settlement is expected March 1.
Proceeds will be used for exploration.
The gold resource development company is based in Toronto.
| Issuer: | Marathon Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4,026,150
|
| Greenshoe: | C$525,150
|
| Shares: | 2,236,750
|
| Price: | C$1.80
|
| Warrants: | No
|
| Agents: | Stonecap Securities Inc. (lead), Octagon Capital Corp.
|
| Pricing date: | Feb. 4
|
| Upsized: | Feb. 8
|
| Settlement date: | March 1
|
| Stock symbol: | Toronto: MOZ
|
| Stock price: | C$1.65 at close Feb. 3
|
| Market capitalization: | C$35.68 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
