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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (21588)	8/24/2016 8:23:46 PM
From: Goose94	Read Replies (2) \| Respond to of 203397

Marlin Gold Mining (MLN-V) Aug 24, '16 is pleased to announce that it has completed its previously announced bought deal brokered private placement of common shares with Red Cloud Klondike Strike Inc. The Company sold 2,430,000 common shares, including 430,000 pursuant to the partial exercise by the Underwriter of its over-allotment option, at a price per Share of $0.50 for gross proceeds of $1,215,000. In addition to the Brokered Offering, Marlin also accepted, on a non-brokered basis, a subscription for 600,000 Shares at a price per Share of $0.50 for gross proceeds of $300,000 (the "Non-Brokered Offering", together with the Brokered Offering, the "Private Placement"). In connection with the Brokered Offering, the Underwriter received a cash commission equal to 7.0% of the gross proceeds raised under the Brokered Offering, excluding gross proceeds from the sale of Shares to insiders and certain President's List subscribers. In connection with the Non-Brokered Offering a finder's fee equal to 7.0% of the gross proceeds raised from the Non-Brokered Offering was paid to PI Financial Corp. Net proceeds of the Private Placement will be used to advance drilling and development of the Commonwealth Silver and Gold Project and for general corporate purposes. Four insiders of the Company subscribed for a total of 1,250,000 Shares, for aggregate subscription proceeds of $625,000, each constituting a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101?). The Company is relying on the exemptions from the formal valuation and minority approval requirements found in sections 5.5(a) and section 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company's market capitalization. All Shares issued in connection with the Brokered Offering and Non-Brokered Offering will be subject to a hold period in Canada of four months and one day from the date of issuance. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities to, or for the account or benefit of, persons in the United States or "U.S. persons" ("U.S. Persons"), as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Marlin Gold Marlin is a publicly-traded gold and silver mining company with properties located in Sinaloa, Mexico and Arizona, USA. Marlin's priority is to advance its properties toward commercial production and enhance shareholder value through the growth of its wholly-owned subsidiary, Sailfish Royalty Corp. The La Trinidad property in Sinaloa, Mexico, declared commercial production on November 1, 2014. A NI 43-101 mineral resource estimate and preliminary economic assessment for the La Trinidad mine and Commonwealth project can be found at www.sedar.com or at www.marlingold.com. Marlin Gold Mining Ltd. Akiba Leisman Executive Chairman and Interim CEO 203-862-7059 aleisman@marlingold.com www.marlingold.com