Austin Gold Corp. Prices $13 Million Initial Public Offering of Common Shares
04 Maio 2022 - 2:42AM
Business Wire
Austin Gold Corp. (“Austin Gold” or the “Company”) (NYSE
American: AUST) today announced the pricing of its initial public
offering of 3,265,000 of its common shares at a price of $4.00 per
share. The company has also granted to the underwriters a 30-day
option to acquire an additional 489,750 shares to cover
overallotments in connection with the offering. After the
underwriting discount and estimated offering expenses payable by
the company, the Company expects to receive net proceeds of
approximately $11.85 million, assuming no exercise of the
overallotment option. The offering is expected to close on May 6,
2022, subject to customary closing conditions.
Roth Capital Partners is acting as sole book-running manager for
the offering with Pacific Century Securities as a co-manager.
A registration statement relating to the shares was declared
effective by the Securities and Exchange Commission on May 3, 2022.
The offering is being made only by means of a prospectus. A copy of
the final prospectus may be obtained, when available, from: Roth
Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport
Beach, CA 92660, (800) 678-9147 or by accessing the SEC’s website,
www.sec.gov. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any of the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
In addition, the Company has received a receipt from the British
Columbia Securities Commission for its final non-offering
prospectus and is now a reporting issuer in British Columbia. A
copy of the final prospectus can be viewed on SEDAR at
www.sedar.com under the Company’s profile.
About Austin Gold Corp.
Austin Gold is a gold exploration company focused on gold
targets and making district-scale gold discoveries in Nevada.
In specific, the Company was formed for the purposes of drilling
the Kelly Creek Project, a mineral exploration project located on
the Battle Mountain-Eureka (Cortez) gold trend in Humboldt County,
Nevada.
The Company continues to consider other regional projects to
increase the opportunity for economic success, and in connection
therewith it has acquired three other non-material mineral
exploration projects.
Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
regarding the proposed public offering and the intended use of
proceeds from the offering. The offering is subject to market and
other conditions and there can be no assurance as to whether or
when the offering may be completed or as to the actual size or
terms of the offering. These forward-looking statements are subject
to risks and uncertainties that may cause actual results to differ
materially, including market conditions, risks associated with the
cash requirements of our business and other risks detailed from
time to time in our filings with the Securities and Exchange
Commission, and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. We do not assume any obligation to update any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220503006413/en/
Investor Contact: Katrina Anderson - Investor Relations
Katrina.Anderson@austin.gold
Austin Gold Corp (NYSE:AUST)
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