Mcewen Mining (MUX) Closes $16.1M Flow-through Financing

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Go back to Mcewen Mining (MUX) Closes $16.1M Flow-through Financing

McEwen Mining Closes Flow-Through Financing

December 14, 2023 12:53 PM EST

TORONTO, Dec. 14, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the closing of the previously announced private placement financing of 1,903,000 flow-through common shares for total gross proceeds of US$16.1 million (Cdn$22,016,150).

The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (CEE) and Canadian Development Expenditures (CDE), within the meaning of subsection 66(15) of the Income Tax Act (Canada), on McEwen Minings properties in the Timmins region:

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