|By Marketwired .||
|June 27, 2014 04:15 PM EDT||
LONDON, ONTARIO -- (Marketwired) -- 06/27/14 -- Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has recently closed on a tranche of a non-brokered private placement financing totaling $65,513 and consisting of units priced at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.10.
An application for an exploration drilling permit on the Company's Golden Trail Property in Elko County, Nevada ("Golden Trail") is in process with the Bureau of Land Management. When the application process is completed, the Company will make an announcement.
The Golden Trail is situated on the North Eastern Nevada Gold Trend (also called the Peqoup Gold Trend), a recently identified gold trend in north-eastern Nevada that in 2011 saw Newmont Mining Company ("Newmont") take over the former owner of the Long Canyon property, 52 miles south of Golden Trail for a reported $US2.3 Billion. Subsequent to Newmont's acquisition of Long Canyon, Newmont staked 211 mineral claims totaling some 4,300 acres that completely surround the Company's Golden Trail Project, which consists of 16 contiguous mining claims that total about 320 acres.
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 44,166,125 common shares issued and outstanding in the capital of the Company, prior to any issuances from the private placement discussed herein.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Montana Gold Mining Company Inc.
Edward (Ted) Ellwood, MBA
President & CEO