Mcewen mining upsizes flow-through financing

Toronto, dec. 18, 2020 (globe newswire) -- mcewen mining inc. (nyse: mux) (tsx: mux) is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement from 6,136,000 common shares (cdn$10,001,680) to 7,056,400 common shares (cdn $11,501,932) of the corporation issued on a flow-through basis (the “ft shares”) at a price per share of cdn $1.63, with an option to increase the offering from 920,400 ft shares (cdn$1,500,252) to 1,058,460 ft shares (cdn$1,725,290) exercisable at any time up to two business days prior to the closing of the offering by way of a non-brokered private placement. the offering price represents a premium of 22% over the closing price of mcewen mining common shares on the tsx as of december 16, 2020.
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