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GoldMining Announces Renewed At-the-Market Equity Program
GLDGGoldMining(GLDG) Prnewswire·2024-12-21 02:30

Core Viewpoint - GoldMining Inc. has renewed its at-the-market equity program (ATM Program) to distribute up to US50millionofcommonsharestothepublic,whichwillbeusedforexploration,developmentofmineralproperties,andworkingcapital[2][4].Group1:ATMProgramDetailsTheATMProgramallowsthecompanytosellcommonsharesattheprevailingmarketpriceatthetimeofsale[2].SaleswillbeconductedthroughasyndicateofagentsledbyBMONesbittBurnsInc.andBMOCapitalMarketsCorp.,alongwithotheragents[3].TheprogramwillterminatewhenthegrosssalesproceedsreachUS50 million of common shares to the public, which will be used for exploration, development of mineral properties, and working capital [2][4]. Group 1: ATM Program Details - The ATM Program allows the company to sell common shares at the prevailing market price at the time of sale [2]. - Sales will be conducted through a syndicate of agents led by BMO Nesbitt Burns Inc. and BMO Capital Markets Corp., along with other agents [3]. - The program will terminate when the gross sales proceeds reach US50 million or by December 24, 2025, whichever comes first [4]. Group 2: Use of Proceeds - The net proceeds from the ATM Program will fund exploration and development of mineral properties, complete minimum work programs, and maintain property rights [1]. - Additional uses include funding future acquisitions and working capital [1]. Group 3: Regulatory and Documentation - The ATM Program will become effective upon filing a prospectus supplement to the company's short form base shelf prospectus and U.S. registration statement [5]. - Relevant documents will be available on SEDAR+ and EDGAR, and can be requested from the lead agent [5]. Group 4: Company Overview - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects [9]. - The company also holds shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp. [9].