VANCOUVER, April 17, 2015 /CNW/ – Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to provide an update in relation to its previously announced non-brokered private placement of common shares (the “Equity Offering”). Pursuant to the Equity Offering, Marlin expects to issue up to 16,250,000 common shares (“Common Shares”) at a price of $0.56 per Common Share for aggregate gross proceeds of up to approximately $9,100,000.
As disclosed in Marlin’s news release dated March 30, 2015, up to $8.75 million of the Equity Offering will be subscribed for by Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited (collectively, the “Wexford Funds”), private investment funds managed by Wexford Capital LP (“Wexford”), which will subscribe for 85% and 15% of the Common Shares, respectively… Read Full Press Release