Manitou Gold Announces Closing of $1,638,000 Private Placement, Strategic Investments by Alamos Gold Inc. and O3 Mining

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SUDBURY, Ontario, Dec. 16, 2021 (GLOBE NEWSWIRE) --  Manitou Gold Inc. (TSXV: MTU) (the “Company” or “Manitou”) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) pursuant to which it has issued an aggregate of 9,000,000 common shares (“Shares”) at a price of $0.06 per Share and 15,685,714 “flow-through” common shares (“FT Shares”) at a price of $0.07 per FT Share, to raise aggregate gross proceeds of $1,638,000.

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