Austin Gold (NYSE American: AUST) recently announced the closing of its initial public offering of 3,265,000 of its common shares, each at a price of $4.00. The company also announced that the underwriters have exercised their option to acquire an additional 489,750 shares to cover overallotments in connection with the offering. The company has received approximately $13.85 million in net proceeds after the underwriting discount and estimated offering expenses. Roth Capital Partners acted as sole book-running manager and Pacific Century Securities acted as a co-manager for the offering.
To view the full press release, visit https://ibn.fm/SSJg8
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.
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