Prime Mining Corp. Completes $28.8 Million Bought Deal Private Placement Financing

April 27, 2021

Prime Mining Corp. (TSX.V:PRYM, OTCQB:PRMNF, Frankfurt: A2PRDW), 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 9,746,250 units at a price of $2.95 per unit (the “Offering”). Each unit consisted of one common share of the company and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at an exercise price of $5.00 until April 27, 2024.

The Offering was conducted by a syndicate of underwriters co-led by Desjardins Securities Inc. and TD Securities Inc. and including Clarus Securities Inc., BMO Capital Markets, Stifel GMP, and PI Financial Corp. (collectively, the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that consisted of Perry Dellelce, Jeff Hergott, Peter Volk, Niall Sweeney, Sarim Ali and Katie Drury (corporate/securities).