McEwen Mining Secures $20.9M Through Share Offering

McEwen Mining (MUX) has shared an announcement.

McEwen Mining Inc. has secured an agreement with a group of co-placement agents for the exclusive issuance and sale of over 1.5 million shares to raise approximately $20.9 million, after fees. The offering consists of two types of “flow-through” shares providing Canadian tax benefits to purchasers, depending on the use of proceeds for exploration or development. This financial move is part of the company’s existing shelf registration statement and further details can be found in their SEC filings, rather than the placement agreement itself. A press release was also issued to announce the offering’s pricing.

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