Marathon Gold closes $8 million bought deal offering of flow-through shares

October 27, 2016

On October 27, 2016, Marathon Gold Corporation announced that it had completed its previously announced bought deal prospectus offering of 8,880,000 flow-through shares in the capital of the company at a price of $0.90 per flow-through share for gross proceeds to the company of $7,992,000.

The offering was conducted by a syndicate of underwriters led by Haywood Securities Inc. and including Beacon Securities Limited, Canaccord Genuity Corp. and Paradigm Capital Inc.

Miller Thomson advised the underwriters in this transaction with a team that included Peter McArthur, Kevin Sorochan, Gerald Courage and Erika Lai.