On June 11, 2021 Minaurum Gold Inc. (“Minaurum” or the “Company”) announced a raising $7 million from a bought deal offering of 17.5 million units priced at 40 cents per unit.

The Company further announced that Red Cloud Securities Inc. would be acting as sole underwriter and bookrunner. The Company granted the underwriter an option to purchase up to 2.62 additional units at the offering price, potential adding $1.05 million to the proceeds.

Minaurum is a Mexico-focused explorer which is currently focused on the high-grade Alamos Silver Project in southern Sonora.

Peterson McVicar LLP acted for Red Cloud Securities Inc. with a team that included Dennis Peterson, Jonathan Clark, Jude Gee and Zachary Brown.