McEwen Mining Files Early Warning Report
June 25 2021 - 1:10PM
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)
announces that on Wednesday, June 23, 2021, it acquired 4,963,455
common shares of NevGold Corp. (formerly Silver Mountain Mines
Inc.)(“NevGold”), and shares purchase warrants exercisable to
acquire an additional 2,481,727 common shares of NevGold at $0.60
per share until June 22, 2023, pursuant to the terms of a private
transaction. As of this date, McEwen beneficially owns securities
representing 10% of the currently outstanding shares of NevGold on
a non-diluted basis, and approximately 14.3% on a partially-diluted
basis.
These securities were issued to McEwen in
partial consideration for the sale of the Limousine Butte and Cedar
Wash projects in Nevada. The securities were acquired for
investment purposes. McEwen has a long-term view of the investment
and may increase or decrease its ownership in the future on the
open market or through private transactions.
This press release is being issued pursuant to
Nation Instrument 62-103, which also requires an Early Warning
Report be filed with regulatory authorities in each jurisdiction in
which NevGold is a reporting issuer. A copy of the Early Warning
Report will be filed on NevGold’s profile on SEDAR. NevGold can be
contacted at c/o Suite 900 – 800 West Pender Street, Vancouver, BC,
V6C 2V6.
The NYSE and TSX have not reviewed and do not
accept responsibility for the adequacy or accuracy of the contents
of this news release, which has been prepared by the management of
McEwen Mining Inc.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver producer and
explorer focused in the Americas with operating mines in Nevada,
Canada, Mexico and Argentina. It also owns a large copper deposit
in Argentina.
CONTACT INFORMATION: |
Investor Relations:(866)-441-0690 Toll
Free(647)-258-0395Mihaela Iancu ext.
320info@mcewenmining.com |
150 King Street WestSuite 2800, P.O. Box 24Toronto, ON, CanadaM5H
1J9 |
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