Montana Gold Mining Company Inc.
CNSX : MGM

Montana Gold Mining Company Inc.

April 22, 2016 15:38 ET

Montana Gold Financial Update

LONDON, ONTARIO--(Marketwired - April 22, 2016) - Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has modified the expiry times of certain outstanding warrants of the Company and has received $47,500 toward a non-brokered private placement financing.

The Company has modified the expiry times of certain outstanding warrants of the Company held by arm's length parties as follows:

  1. 2,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on April 24 24, 2016 are now exercisable until 5:00 pm on April 24, 2017;

  2. 3,250,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on June 19, 2016 are now exercisable until 5:00 pm on June 19, 2017;

  3. 1,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on May 14, 2016 are now exercisable until 5:00 pm on May 14, 2018.

The Company has received $47,500 toward a non-brokered private placement financing, which will consist of units priced at $0.05 per unit. Each unit consists of one common share and one warrant to purchase an additional common share for three years at $0.10.

Montana Gold Mining Company Inc. is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: MGM). There are 48,214,765 common shares issued and outstanding in the capital of the Company.

The Company owns a 100% interest in two gold exploration projects located in the US states of Nevada and Montana. Further information is also available at www.montanagoldmining.com or www.Facebook/montanagoldmining.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Montana Gold Mining Company Inc.
    Edward (Ted) Ellwood, MBA
    President & CEO
    1-519-964-2836