Hycroft Mining announces $40M units offering

Hycroft Mining (HYMC) Holding Corporation announced a proposed public underwritten offering of units of the company for gross proceeds of approximately $40M. Each unit will be comprised of one share of common stock of the company and one-half of one common stock purchase warrant. Each warrant will be exercisable to purchase one share of common stock of the company. Hycroft intends to use the net proceeds from the offering for further exploration, working capital and general corporate purposes. BMO Capital Markets and Paradigm Capital are acting as joint book-running managers for the offering.