Prime Mining Corp. Completes $10 Million Private Placement

June 12, 2020

Prime Mining Corp. (TSX.V:PRYM, OTCQB:PRMNF), a mineral exploration company committed to expanding its exploration initiative at the historically productive Los Reyes mineral project in Sinaloa, Mexico, completed a private placement of 20,000,000 units at a price of $0.50 per unit (the “Offering”). Each unit consisted of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share at an exercise price of $1.10 until June 12, 2025. The Offering was co-led by Clarus Securities Inc. and Desjardins Securities Inc. (the “Agents”).

Wildeboer Dellelce LLP acted for the Agents in connection with the Offering with a team that consisted of Perry Dellelce, Jeff Hergott, Niall Sweeney and Hannah Dodick (corporate/securities).