VANCOUVER, BC, Dec. 10, 2021 /PRNewswire/ – GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (“GoldMining” or the “Company“) is pleased to announce that it has entered into an equity distribution agreement (the “Distribution Agreement“) with a syndicate of agents led by BMO Nesbitt Burns Inc., and including BMO Capital Markets Corp., H.C. Wainwright & Co. LLC, Haywood Securities, Laurentian Bank Securities Inc. and Roth Capital Partners, LLC (collectively, the “Agents“), for an at-the-market equity program (the “ATM Program“).
The Distribution Agreement will allow the Company to distribute up to US$50 million (or the equivalent in Canadian dollars) of common shares of the Company (the “Offered Shares“) under the ATM Program. The Offered Shares will be issued by the Company to the public from time to time, through the Agents, at the Company’s discretion. The Offered Shares sold under the ATM Program, if any, will be sold at the prevailing market price at the time of sale.
The Company intends to use the net proceeds of any such sales under the ATM Program to fund the exploration and development of its mineral properties, to fund future acquisitions as may be determined by the Company, and for working capital.
Under the Distribution Agreement, sales of Offered Shares will be made by the Agents through “at-the-market distributions” as defined in…
