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US GoldMining (NYSEMKT:USGO), a spin-out of Canada’s GoldMining (NYSE:GLDG), has up to date phrases for a proposed $20M preliminary public providing, which is anticipated to happen later this week.
The Alaska-based mining firm plans to supply 2M models priced at $10 per unit. Every unit would consist of 1 share plus one warrant to purchase one share for $13.
The corporate intends to listing its shares on Nasdaq underneath the image USGO. H.C. Wainwright and BMO Capital Markets are serving as joint bookrunners, according to the filing.
US GoldMining was established by GoldMining February 2022 to give attention to growing its Whistler gold-copper exploration venture situated within the Yentna Mining District exterior of Anchorage, Alaska.
US GoldMining will likely be GoldMining’s second spin-off in recent times. The mining group created Gold Royalty (GROY) in 2020, which later raised $90M through an IPO in March 2021.
For extra on US GoldMining, take a look at Donovan Jones’s “US GoldMining Aims for US IPO Investment.”
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