Minaurum Gold Closes Non Brokered Private Placement
June 19 2014 - 6:22PM
Marketwired
Minaurum Gold Closes Non Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 19, 2014) -
Minaurum Gold Inc. ("Minaurum") (TSX-VENTURE:MGG) is pleased to
announce that it has closed a non-brokered private placement
financing of 5,620,000 units at a price of $0.10 per unit for gross
proceeds of $562,000. Each unit consists of one common share and
one common share purchase warrant. Each warrant will entitle the
holder thereof to acquire one additional common share of Minaurum
for a period of two (2) years at an exercise price of $0.10. Lowell
Copper has subscribed for 620,000 units. A finders' fee of 150,000
common shares was paid in connection with the financing. The
securities issued under the offering will be subject to a four
month hold period in accordance with applicable Canadian securities
laws.
The funds raised by way of the private placement will be used
for working capital purposes.
Minaurum Gold is a gold-copper explorer focused on its Vuelcos
del Destino project in the Guerrero Gold Belt, Mexico. For more
information, please visit our website at www.minaurum.com and our
YouTube Minaurum Video Channel
(www.youtube.com/user/minaurumgold).
ON BEHALF OF THE BOARD
Darrell A. Rader, President and CEO
The TSX Venture
Exchange does not accept responsibility for the adequacy or
accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements: Certain
disclosure in this release, including statements regarding the
intended use of proceeds, constitute forward-looking information.
In making the forward-looking statements in this release, Minaurum
has applied certain factors and assumptions that are based on
Minaurum' s current beliefs as well as assumptions made by and
information currently available to Minaurum, including that the
Minaurum is able to obtain any required government or other
regulatory approvals, equipment and personell for its planned
operations and that actual results of exploration activities will
be consistent with management's expectations. Although Minaurum
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements, including actual results of
Minaurum's operations being different than those expected by
management and delays in obtaining or failure to obtain required
government or other regulatory approvals, equipment, personnel or
financing. Readers are cautioned not to place undue reliance on
forward-looking statements. Minaurum does not intend, and expressly
disclaims any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
Minaurum Gold Inc.Sunny PannuInvestor Relations Manager(778) 330
0994info@minaurum.comwww.minaurum.com
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