Mcewen copper closes us$15.0 million second tranche of private placement

Toronto, june 21, 2022 (globe newswire) -- mcewen copper inc., a subsidiary of mcewen mining inc. (nyse: mux) (tsx: mux), is pleased to announce the closing of the second tranche of the previously announced private placement offering (the “offering”) of up to 8,000,000 common shares of mcewen copper inc. priced at us$10.00 per common share. the second tranche is comprised of a $10 million investment by the victor smorgon group advised by arete capital partners, both of australia, and $5 million from other investors, for total gross proceeds of $15.0 million. the amounts raised in the first and second tranches of the private placement now stand at $55.0 million. the offering remains open until july 6th, 2022.
MUX Ratings Summary
MUX Quant Ranking