US GoldMining Raises $20M Via IPO Of 2M Shares At $10 Per Share; To Begin Trading On Nasdaq From Thursday

Author: Benzinga Newsdesk | April 20, 2023 04:30am

GoldMining Inc. (TSX:GOLD) (NYSE:GLDG) ("GoldMining") and its subsidiary, U.S. GoldMining Inc. ("USGO") today announced the pricing of the initial public offering of 2,000,000 units of USGO (the "Units") at an initial public offering price of $10.00 per Unit. Each Unit comprises of one share of common stock and one warrant to purchase one share of common stock of USGO. Each warrant will entitle the holder thereof to acquire one share of common stock at an exercise price of $13.00 per share for a period of three years after the issuance date.

The shares of common stock and warrants of USGO are expected to begin trading on the Nasdaq Capital Market on April 20, 2023 under the symbols "USGO" and "USGOW", respectively. The offering is expected to close on or about April 24, 2023, subject to the satisfaction of customary closing conditions.

Posted In: GLDG TSX:GOLD USGO