On April 12, 2023, Montage Gold Corp. completed an offering for gross aggregate proceeds of approximately $17.2 million, which included the full exercise of the underwriters’ over-allotment option. The offering consisted of: (i) a “bought deal” private placement of 21,786,300 common shares at a price of $0.70 per common share for gross proceeds of approximately $15.3 million; and (ii) a non-brokered private placement of 2,714,300 common shares at a price of $0.70 per common share for gross proceeds of approximately $1.9 million.
Cassels acted for Montage Gold.