ENP Newswire -
Release date- 22082014 -
The Offering was upsized from the proceeds previously announced in the press release of the Company dated
Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a 'Warrant'). Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of
The net proceeds raised through the Offering will be used, in the case of the FT Shares, to incur 'Canadian exploration expenses' in respect of the
'I am very pleased with the response to the financing and appreciate the investor's interest in the offering. The funds raised will enable Marathon to continue the drilling campaign now underway. There are eight holes completed to date testing the mineralization in the Sprite trenches. The drill will be moving to Rainbow shortly to test that mineralization and then the drilling will be focused on the best mineralization' said
The Leprechaun Gold Deposit has a NI 43-101 compliant
The Underground Resource is Measured 108,000 tonnes containing 17,000 oz Au, and Indicated 764,000 tonnes containing 100,000 oz Au, and Inferred 349,000 tonnes containing 69,000 oz Au. As a result of favorable drilling results in 2013 and 2014, the Sprite Area, which is adjacent to the Leprechaun Gold Deposit, will be a focus of continued exploration this year. The Sprite Area adjoins the Leprechaun Gold Deposit and recent promising drilling is located 1.5 km to the north east of the Leprechaun Gold Deposit.
The Victory Gold Deposit (formerly
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to
We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.
By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited to those identified and reported in
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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