McEwen Mining Raises $20.8M Through Share Offering

The latest update is out from McEwen Mining (MUX).

McEwen Mining Inc. successfully completed an offering on June 14, 2024, selling 1,533,000 shares and raising approximately $20.8 million, after placement fees. This offering included “flow-through” shares, providing tax advantages to buyers for the company’s exploration and development expenses in Canada. The shares, varying in type and price, were offered under existing SEC regulations and sold through specific Subscription and Renunciation Agreements. Notably, details of these agreements are tailored for the involved parties and not intended for public investor guidance.

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