$AUMB.V

1911 Gold Down 10% As Upsizes Bought Deal Financing

1911 Gold (AUMB.V) has upsized its previously announced bought deal offering to C$31 million from $20 million, the company said Wednesday.The company added it plans to use proceeds to fund ongoing exploration and development activities on its True North gold project in Manitoba, for technical studies, and for working capital purposes.The upsized offering comprises units, Canadian development expenses flow-through and Canadian exploration expenses flow-through units.The offering is scheduled to close on or about July 14.Shares in AUMB were last seen down $0.075 or 10.5% at $0.635.Price: $0.63, Change: $-0.08, Percent Change: -11.27%

1911 Gold Brief: Withdraws Plans to Launch an Overnight Marketed Offering of Common and Flow-Through Shares "Due to Prevailing Market Conditions"

1911 Gold Brief: Plans Overnight Marketed Offering, With Final Pricing, and Size of the Offering of Common and Flow-Through Shares Not Yet Determined