VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 17, 2016) –
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Marlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin” or the “Company“) is pleased to announce the completion of its rights offering (the “Rights Offering“), which expired at 5:00 p.m. (Eastern time) on May 16, 2016. The shareholders of Marlin, including Wexford Spectrum Trading Limited (“WST“) and Wexford Catalyst Trading Limited (“WCT“), the Company’s largest shareholders, exercised rights to acquire 43,340,680 common shares of the Company (the “Common Shares“). The 43,340,680 Common Shares issued by the Company pursuant to the Rights Offering were issued at a price of $0.30 per Common Share for gross proceeds of $13,002,204. Following the closing of the Rights Offering, there were a total of 158,854,219 Common Shares issued and outstanding.