may_4_2020_-_minaurum_announces_c_5-000-000_marketed_offering

Minaurum Gold Inc. (“Minaurum” or “Company”) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (“Clarus”) on behalf of a syndicate of agents (collectively with Clarus, the “Agents”), whereby the Agents will raise up to C$5,000,000 (the “Offering”) through an Offering of up to 12,500,000 units of the Company (the “Units”) to be priced at C$0.40 per Unit.  Each Unit is comprised of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), with each Warrant entitling the holder to purchase one Common Share at an exercise price of $0.60 for 24 months following the completion of the Offering.