Provided By GlobeNewswire
Last update: Nov 14, 2023
VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre”) and Marathon Gold Corporation (TSX: MOZ) (“Marathon” and collectively the “Parties”) are pleased to announce the closing of the previously announced C$40 million financing of Marathon (the “Private Placement”). Pursuant to the Private Placement, Calibre acquired 66,666,667 common shares of Marathon (“Marathon Shares”) at a price of C$0.60 per share for aggregate gross proceeds to Marathon of C$40 million.