Austin Gold Corp. Closes Initial Public Offering, Including Full Exercise of the Over-allotment Option
07 May 2022 - 6:17AM
Business Wire
Austin Gold Corp. (“Austin Gold” or the “Company”) (NYSE
American: AUST) is pleased to announce the closing of its initial
public offering of 3,265,000 of its common shares at a price of
$4.00 per share. The company also announces that the underwriters
have exercised their option to acquire an additional 489,750 shares
to cover overallotments in connection with the offering. After the
underwriting discount and estimated offering expenses payable by
the Company, the Company has received net proceeds of approximately
$13.85 million.
Roth Capital Partners acted as sole book-running manager for the
offering and Pacific Century Securities acted as a co-manager.
A registration statement relating to the shares was declared
effective by the Securities and Exchange Commission on May 3, 2022.
The offering was made only by means of a prospectus. A copy of the
final prospectus may be obtained from: Roth Capital Partners, LLC,
888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800)
678-9147 or by accessing the SEC’s website, www.sec.gov. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy any of the securities described herein, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Austin Gold Corp.
Austin Gold is a gold exploration company focused on gold
targets and making district-scale gold discoveries in Nevada.
In specific, the Company was formed for the purposes of drilling
the Kelly Creek Project, a mineral exploration project located on
the Battle Mountain-Eureka (Cortez) gold trend in Humboldt County,
Nevada
The Company continues to consider other regional projects to
increase the opportunity for economic success, and in connection
therewith it has acquired three other non-material mineral
exploration projects.
Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
regarding the proposed public offering and the intended use of
proceeds from the offering. The offering is subject to market and
other conditions and there can be no assurance as to whether or
when the offering may be completed or as to the actual size or
terms of the offering. These forward-looking statements are subject
to risks and uncertainties that may cause actual results to differ
materially, including market conditions, risks associated with the
cash requirements of our business and other risks detailed from
time to time in our filings with the Securities and Exchange
Commission, and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. We do not assume any obligation to update any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220506005508/en/
Investor Contact: Katrina Anderson - Investor Relations
Katrina.Anderson@austin.gold
Austin Gold Corp (NYSE:AUST)
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