CA - U.S. GoldMining prices $20M IPO debuts today

2023-04-20 05:10:20 ET

• U.S. GoldMining ( NYSEMKT: USGO ), a spin-out of Canada's GoldMining ( NYSE: GLDG ) has priced its initial public offering of 2M units at $10.00 per Unit .
• The gross proceeds from the offering are expected to be $20M.
• Each Unit consists of one share of common stock and one warrant to purchase one share of common stock of USGO exercisable at $13.00 per share for a period of three years after the issuance date.
• USGO will kick-off trading on Nasdaq Capital Market on April 20, 2023.
• Offering is expected to close on or about April 24, 2023.
• Upon completion of the offering, GoldMining ( GLDG ) will hold 9,622,491 shares of common stock of USGO, or ~79% of its outstanding shares of common stock.
• US GoldMining ( USGO ) was established by GoldMining February 2022 to focus on developing its Whistler gold-copper exploration project located in the Yentna Mining District outside of Anchorage, Alaska.

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