Mining Firm Austin Gold Prices US$13 Million IPO

Gold exploration company Austin Gold Corp. (NYSE: AUST) began trading on the New York Stock Exchange today. The firm prices its initial public offering for aggregate proceeds of approximately US$13.06 million.

The offering consists of 3,265,000 common shares at US$4.00 per share. The company also said that the underwriters are exercising the over-allotment option to purchase additional 489,750 common shares at the same IPO price.

Roth Capital Partners is acting as the sole bookrunner for the said offering.

The offering is expected to close on May 6, 2022, subject to customary closing conditions.

The Canadian mining firm was formed for the purposes of drilling the Kelly Creek project, an exploration site on the Battle Mountain-Eureka (Cortez) gold trend in Humboldt County, Nevada.

Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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