Marlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin” or the “Company”) is pleased to announce that it has completed its previously announced bought deal brokered private placement of common shares (the “Brokered Offering”) with Red Cloud Klondike Strike Inc. (the “Underwriter”). The Company sold 2,430,000 common shares (“Shares”), including 430,000 pursuant to the partial exercise by the Underwriter of its over-allotment option, at a price per Share of $0.50 for gross proceeds of $1,215,000.
In addition to the Brokered Offering, Marlin also accepted, on a non-brokered basis, a subscription for 600,000 Shares at a price per Share of $0.50 for gross proceeds of $300,000 (the “Non-Brokered Offering”, together with the Brokered Offering, the “Private Placement”).