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CANWF - Orca Gold's subsidiary launches IPO at $1.10/share
Orca Gold Inc Ord
Montage Gold, a subsidiary of Orca Gold (CANWF) has launched initial public offering of 27,272,728 common shares at $1.10/share, for gross proceeds of $30M (from $25M). Offering is expected to close on October 23, 2020.Net proceeds will be used to advance Montage Gold's properties in the West African country of Cote d'Ivoire.Shres are expected to trade on the TSXV under the symbol 'MAU'. Orca will own 33M shares of Montage.Press release