ABIDJAN, Cote d'Ivoire, Feb. 23, 2024 /CNW/ -
Montage Gold Corp. is pleased to announce that the non-brokered private placement financing announced on February 22, 2024 has been increased to 50,000,000 common shares of the Company at a price of C$0.70 per Common Share for gross proceeds of C$35 million . The net proceeds of the Offering will be used for exploration and development expenditures at the Company's Koné Gold Project and for working capital and general corporate purposes. The Offering is expected to close during the week of March 11th, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange. The Common Shares issued pursuant to the Off...