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MARKETS LIVE BLOG:

STOCKS SURGE AFTER SOFT U.S. JOBS PRINT, SOLID APPLE RESULTS

Jobs report pushes up bets on a sooner-than-expected interest rate cut from the Fed

Stocks in play: McEwen Mining Inc.

Baystreet.ca
·1 min read

Announced a strategic financing to further our successful exploration program at our properties in the Timmins region of Ontario. The Company intends to issue 6,136,000 common shares ($10,001,680) of the Corporation issued on a flow-through basis at a price per share of CDN $1.63, with an option to increase the Offering by 920,400 FT Shares ($1,500,252) exercisable at any time up to two business days prior to the closing of the Offering by way of a non-brokered private placement. The Offering Price represents a premium of 22% over the closing price of McEwen Mining common shares on the TSX as of December 16, 2020. McEwen Mining Inc. shares T.MUX are trading up $0.02 at $1.36.

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