Oro Mining Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Marlin Gold Mining Ltd Announces Filing Of Final Prospectus For Rights Offering To Shareholders
Marlin Gold Mining Ltd announced that it has filed a final long form prospectus (the Prospectus) with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba and Ontario (the Qualifying Jurisdictions) relating to a rights offering (the Rights Offering). Registered shareholders in the Qualifying Jurisdictions will receive one right for each common share held as at the record date, which has been set as July 15, 2013. Each 1.266 rights entitle the holder thereof to subscribe for one common share at a price of $0.05 per share prior to 4:00 p.m. (Eastern Time) on August 9, 2013. Rights not exercised by that time will be void and have no value. The Rights Offering is being made to holders of common shares in the Qualifying Jurisdictions. Assuming that all rights are exercised, the Company would receive net proceeds of approximately $14,800,000 after legal and regulatory filing expenses estimated at $204,000 with net proceeds raised intended to be used to complete construction at the La Trinidad project in Mexico, for exploration and development of its mineral properties and for working capital and general corporate purposes.
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