arlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement of common shares (the “Equity Offering”). Pursuant to the Equity Offering, Marlin issued 13,000,000 common shares of the Company (the “Common Shares”) at a price of $0.50 per Common Share for aggregate gross proceeds of approximately $6,500,000.
The Equity Offering was subscribed for by Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited (collectively, the “Wexford Funds”), private investment funds managed by Wexford Capital LP (“Wexford”), which subscribed for 10,400,000 and 2,600,000 Common Shares, respectively.