- Canadian Gold (TSXV:CGC) will sell approximately $3 million in shares to McEwen Mining (TSX:MUX), a global gold and silver producer led by renowned mining investor, Rob McEwen
- Proceeds will fund advancements at Canadian Gold’s Tartan mine in Manitoba, which houses a mineral resource estimated at 240,000 ounces of gold indicated and 37,000 ounces inferred
- Canadian Gold stock has added 28.57 per cent year-over-year and 500 per cent since 2020
Canadian Gold (TSXV:CGC) will sell approximately $3 million in shares to McEwen Mining (TSX:MUX), a global gold and silver producer led by renowned mining investor, Rob McEwen.
Upon closing, McEwen Mining will own 5.9 per cent of Canadian Gold’s outstanding shares and 7.1 per cent on a partially diluted basis, while Rob McEwen will own 32 per cent of Canadian Gold’s outstanding shares.
According to Monday’s news…
