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McEwen Mining Announces Timmins Exploration Program and Funding

McEwen Mining Inc. (MUX) 
Last mcewen mining inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
TORONTO, Dec. 01, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) is pleased to announce a strategic financing to accelerate exploration at our newly acquired properties near Timmins, Ontario. “This significant commitment to exploration in 2018 is founded on our conviction that excellent exploration potential exist on our properties in the Timmins region,” said Rob McEwen, Chairman and Chief Owner. The financing consists of a US$10,000,000 (Cdn$12,880,000) bought deal private placement offering (the “Offering”) of 4,000,000 flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) priced at US$2.50 (Cdn$3.22) per flow-through common share (the “Offering Price”) led by Cantor Fitzgerald Canada Corporation as sole bookrunner and including BMO Capital Markets, H.C. Wainwright & Co., LLC and GMP Securities L.P. (the “Underwriters”). The Offering Price represents a premium of 24.4% over the closing price of McEwen co Show less Read more
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