GoldMining Plans An IPO For Its U.S. Gold Mining Subsidiary

GoldMining Plans An IPO For Its U.S. Gold Mining Subsidiary – (RTTNews) Canadian mineral explorer GoldMining Inc. (GLDG) said on Monday that U.S. GoldMining Inc., or USGO, has started an initial public offering (IPO) of 2 million units at $10 per unit.

Each unit consists of one USGO share and a warrant to buy one USGO share for a period of three years after the IPO at a price of $13.

GoldMining Plans An IPO For Its U.S. Gold Mining Subsidiary
GoldMining Plans An IPO For Its U.S. Gold Mining Subsidiary

In order to list the USGO shares and USGO warrants on the NYSE with the tickers “USGO” and “USGOW,” respectively, U.S. GoldMining has submitted an application GoldMining Plans An IPO For Its U.S. Gold Mining Subsidiary.

The business anticipates giving the underwriters a 30-day option to buy up to 15% of each USGO share and warrant offered as part of the IPO.

As co-book-running managers and co-managers of the IPO, H.C. Wainwright & Co., LLC, BMO Capital Markets, and Laurentian Bank Securities Inc. respectively.

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