Reported Earlier, McEwen Mining Prices $22M Flow-Through Financing At 19% Premium For Canadian Exploration Expenses
Portfolio Pulse from Benzinga Newsdesk
McEwen Mining has announced a $22 million flow-through financing at a 19% premium, aimed at funding Canadian Exploration and Development Expenses. The offering consists of two parts: $10 million for Canadian Exploration Expenses and $12 million for Canadian Development Expenses. The financing is expected to close on June 14, 2024, subject to customary closing conditions and approvals from the TSX and NYSE.
May 29, 2024 | 5:31 am
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McEwen Mining has announced a $22 million flow-through financing at a 19% premium, aimed at funding Canadian Exploration and Development Expenses. The financing is expected to close on June 14, 2024, subject to customary closing conditions and approvals from the TSX and NYSE.
The $22 million financing at a 19% premium indicates strong investor confidence and provides significant capital for exploration and development. This is likely to positively impact MUX's stock price in the short term, especially if the financing closes as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100