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american gold minesNYSEMKT: USGO), a spin-off from Canadian gold mining (New York Stock Exchange: GLDG), the terms for a proposed $20 million initial public offering, which is expected to take place later this week, have been updated.
The Alaska-based miner plans to offer 2 million units at $10 each. all The unit consists of one share plus one warrant for the purchase of one share for $13.
The company intends to list its shares on the Nasdaq Stock Exchange under the symbol USGO. HC Wainwright and BMO Capital Markets are joint bookrunners, according to the deposit.
US GoldMining was formed by GoldMining February 2022 to focus on developing the Whistler Gold and Copper Exploration Project located in the Yentna Mining District outside of Anchorage, Alaska.
Gold mining in the United States will be GoldMining’s second subsidiary in recent years. It created the mining pool Gold Royalty (GROY) in 2020, which later raised $90 million through an initial public offering in March 2021.
For more information on US gold mines, check out “US Gold Mining Targets for US IPO Investments.”