Montage Gold Corp. is pleased to announce the closing of its previously announced brokered private placement of 102,857,143 common shares of the Company at a price of C$1.75 per Common Share for gross proceeds of C$180 million . The Offering was led by Stifel and SCP Resource Finance LP as co-lead agents and joint bookrunners , on behalf of a syndicate of agents including Cormark Securities Inc., Raymond James Ltd., and Beacon Securities Limited . Following completion of the Offering, Trusts controlled by the Lundin family and
Zijin Mining Group Co. Ltd. now hold ownership interests in Montage of 19.9% and 9.9%, respectively. The net proceeds of the Offering will be used for development expenditures at the Company's Koné Project, exploration, and for working capi...