GoldMining announced it has entered into an equity distribution agreement dated December 30 with a syndicate of agents, including BMO Nesbitt Burns and BMO Capital Markets Corp., and H.C. Wainwright & Co., Haywood Securities, Laurentian Bank Securities and Roth Capital Partners, for a new at-the-market equity program, which replaces the company’s previous at-the-market equity program which is set to expire on January 1, 2023 in accordance with its terms. The ATM program allows the company to distribute up to $50M of common shares of the company to the public from time to time, through the agents, at the company’s discretion. Any offered shares sold under the ATM program will be sold at the prevailing market price at the time of sale. The company intends to use the net proceeds of any sales under the ATM program to fund the exploration and development of its mineral properties, to fund future acquisitions as may be determined by the company, and for working capital.
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