McEWEN MINING INC. (TSE:MUX) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement.
On March13, 2019, McEwen Mining Inc. (the “Company”) voluntarily terminated its equity distribution agreement (the “Sales Agreement”) with UBS Securities LLC, BMO Capital Markets Corp., Cantor Fitzgerald& Co., H.C. Wainwright& Co., LLC, Roth Capital Partners, LLC and A.G.P. / Alliance Global Partners, effective as of the close of business on March13, 2019. to the Sales Agreement, the Company could offer and sell, from time to time, through the agents, shares of the Company’s common stock having an aggregate offering price of up to $90,000,000. The Sales Agreement was terminable at will by the Company with no penalty.
Further details regarding the Sales Agreement are included in the Company’s Current Report on Form8-K filed with the SEC on November9, 2018, which is incorporated by reference herein.
About McEWEN MINING INC. (TSE:MUX)
McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its segments include Mexico, Argentina and the United States. It classifies its mineral properties into Production Properties, Advanced-Stage Properties and Exploration Properties. It owns El Gallo 1 gold mine in Sinaloa, Mexico and holds interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina. In addition to its operating properties, it also holds interests in exploration-stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects. Its Nevada exploration properties include within Gold Bar Complex, Tonkin Complex, Limo Complex and Battle Mountain Complex. It produces approximately 110,320 gold ounces and over 3,315,670 silver ounces for approximately 154,530 gold equivalent ounces.
