Montage Gold Corp. is pleased to announce that the brokered private placement previously announced on July 16, 2024, has been increased to 102,857,143 common shares of the Company at a price of C$1.75 per Common Share for gross proceeds of approximately C$180 million and that the oversubscribed book has closed. Trusts controlled by the Lundin family and
Zijin Mining Group Co. Ltd. have agreed to subscribe for such number of Common Shares that would result in them holding ownership interests in Montage of 19.9% and 9.9%, respectively, following completion of the Offering. The net proceeds of the Offering will be used for development expenditures at the Company's Koné Project, exploration, and for working capital and general corporate purposes. The Offering is expe...