Austin Gold, a Canadian gold exploration company with four properties in Nevada, filed an amendment with the SEC on Friday and added warrants to its offering.
The Vancouver, Canada-based company plans to raise $15 million by offering 3 million units at a price range of $4 to $6. Each unit consists of one share of common stock and one warrant, exercisable at the IPO price. At the midpoint of the proposed range, Austin Gold would command a fully diluted market value of $64 million.
Because the company is now offering units with warrants attached, Austin Gold is no longer eligible for tracking and will be excluded from Renaissance Capital's stats.
Austin Gold is a gold exploration company focused on gold targets and making district-scale gold discoveries in Nevada. The company currently has interests in four gold exploration properties located in the state of Nevada, including the Kelly Creek Project, the Fourmile Basin Project, the Lone Mountain Project, and the Miller Project. Its principal objective is advancing the Kelly Creek Project, and is the only property that the company considers material at this time. Austin Gold has not generated any operating revenues to date.
Austin Gold was founded in 2020 and plans to list on the NYSE American under the symbol AUST. Roth Capital is the sole bookrunner on the deal.
