(Energy Analytics Institute, 20.Dec.2024) — GoldMining Inc. renewed its at-the-market (ATM) equity program which allows it to distribute up to $50mn (or the equivalent in Canadian dollars) of common shares of the company to the public from time to time, through certain financial agents at the company’s discretion.
The offered shares sold under the ATM Program, if any, will be sold at the prevailing market price at the time of sale, GoldMining advised 20 Dec. 2024 in an official statement.
Sales of offered shares through the ATM program will be made pursuant to the terms of an equity distribution agreement dated 20 Dec. 2024 with a syndicate of agents led by BMO Nesbitt Burns Inc. and BMO Capital Markets Corp., and including Canaccord Genuity, H.C. Wainwright & Co., LLC, Laurentian Bank Securities Inc. and Roth Capital Partners, LLC.
GoldMining will use net proceeds of any such sales under the ATM program to fund the exploration and development of its mineral properties, including to complete minimum work programs, property payments and other expenditures to maintain the company’s property rights, to fund future acquisitions as may be determined by the company, and for working capital.
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