Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “considers”, “intends”, “targets”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Marathon expects to occur are forward-looking statements. Please see Marathon’s Annual Information Form for the year ended Decemand other filings made with Canadian securities regulatory authorities and available at for further details and assumptions relating to the Valentine Gold Project.Īmanda Mallough Manager, Investor Relations Tel: 416 855-8202 Manson President & CEO Robertson CFO find out more information on Marathon Gold Corporation and the Valentine Gold Project, please visit Cautionary Statement Regarding Forward-Looking InformationĬertain information contained in this news release, constitutes forward-looking information within the meaning of Canadian securities laws (“forward-looking statements”).
The Project has estimated Proven Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t). An April 2021 Feasibility Study outlined an open-pit mining and conventional milling operation over a thirteen-year mine life with a 31.5% after-tax rate of return.
#THE SYNDICATE PROJECT SERIES#
The Project comprises a series of five mineralized deposits along a 20-kilometre system. Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This advertisement has not loaded yet, but your article continues below. If, at any time following the Closing Date, the daily volume weighted average trading price of the common shares of the Company on the Toronto Stock Exchange is greater than $1.75 per common share for the preceding 10 consecutive trading days, the Company shall have the right (the “ Acceleration Right”) to accelerate the expiry date of the Warrants to the date (the “ New Expiry Date”) that is 30 days following the date of the acceleration notice to the holders of the Warrants and the warrant agent, provided that the New Expiry Date is not later than June 30, 2023. Please try again Article contentĮach Warrant entitles the holder thereof to acquire one common share of the Company at a price of $1.35 for a period of 24 months following the closing date of the Offering (the “ Closing Date“), subject to the Acceleration Right (as defined herein). The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder.
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