Mcewen mining announces closing of financing

Toronto, sept. 10, 2020 (globe newswire) -- mcewen mining inc. (nyse: mux) (tsx: mux) is pleased to announce that it has closed its previously announced "bought deal" private placement in the upsized amount of 6,298,166 common shares of the company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the income tax act (canada)) (the "flow-through shares") at a price of us$1.65 (cdn$2.18) per flow-through share for total gross proceeds of us$10.4 million (cdn$13.7 million). the offering was completed through a syndicate of underwriters led by cantor fitzgerald canada corporation as sole bookrunner, and includes roth capital partners, llc, red cloud securities inc., and maison placements canada inc.
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