NetworkNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Information on Flow-Through Financing
McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, announced financing aimed at funding continued exploration and development at the Fox Complex in the Timmins region of Ontario. According to the announcement, the proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (“CEE”) and Canadian Development Expenditures (“CDE”) on McEwen’s properties in the Timmins region. The company noted that the financing was comprised of two parts. Part 1 of the financing included a $7.3 million private placement of 788,000 flow-through common shares at a price of $9.27 and…







