Montage Gold Corp’s Continued Investment in Sanu Gold Corporation
Vancouver, BC, April 14, 2025 – Montage Gold Corp. (TSXV: MAU, OTCQX: MAUTF), a Canadian-based gold exploration and development company, has recently announced its decision to maintain its equity interest in Sanu Gold Corporation (CSE: SANU, OTCQB: SNGCF). This announcement comes following Sanu’s non-brokered private placement, which was announced on March 25, 2025.
Montage’s Participation in Sanu’s Private Placement
Montage’s decision to participate in Sanu’s private placement underscores the confidence the Company has in Sanu’s potential for growth. The Placement saw Sanu raise gross proceeds of approximately CAD $3.5 million through the issuance of 10 million units at a price of CAD $0.35 per unit. Each unit consisted of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at an exercise price of CAD $0.50 for a period of two years.
Montage’s Equity Interest in Sanu
Montage’s continued investment in Sanu means that its equity interest in the Company will remain substantial. The exact percentage of Montage’s ownership in Sanu following the Placement has not been disclosed in the Company’s press release. However, the announcement highlights Montage’s commitment to supporting Sanu’s growth initiatives.
Impact on Montage Gold Corp
Montage’s investment in Sanu may have several positive effects on Montage Gold Corp. First, it demonstrates Montage’s strategic approach to investing in companies with strong growth potential. By maintaining its equity interest in Sanu, Montage positions itself to potentially benefit from any future successes or developments within the Company. Additionally, Montage’s continued support of Sanu may help to strengthen the relationship between the two companies, potentially leading to future collaborations or partnerships.
Impact on the World
The mining industry, particularly the gold sector, has been experiencing significant growth and investment in recent years. Montage’s decision to maintain its equity interest in Sanu is just one example of the ongoing investment in the sector. This trend is expected to continue, driven by the increasing demand for gold and other precious metals, as well as the continued exploration and discovery of new mineral deposits. Montage’s investment in Sanu is a positive sign for the industry as a whole, indicating a continued confidence in the sector’s growth potential.
Conclusion
Montage Gold Corp’s decision to maintain its equity interest in Sanu Gold Corporation following the Company’s non-brokered private placement is a strong indication of Montage’s confidence in Sanu’s growth potential. Montage’s investment may lead to several positive outcomes for both companies, including potential future collaborations and partnerships. Additionally, Montage’s continued investment in Sanu is a positive sign for the mining industry as a whole, demonstrating the ongoing confidence in the sector’s growth potential.
- Montage Gold Corp maintains equity interest in Sanu Gold Corporation
- Montage’s investment demonstrates confidence in Sanu’s growth potential
- Montage’s continued support of Sanu may lead to future collaborations
- Montage’s investment is a positive sign for the mining industry
