Comstock Mining underwriters exercise in full their over-allotment option

Comstock Mining announced that the underwriters of its previously completed public offering of common stock have exercised their option to purchase an additional 1,184,211 shares to cover over-allotments at a public offering price of $1.90 per share. As a result, the company will issue a total of 9,078,948 shares in the offering and will receive aggregate net proceeds, after underwriting discounts and commissions, before expenses, of approximately $16.2M. The exercise of the over-allotment option is expected to close on Feb. 24, subject to the satisfaction of customary closing conditions. Global Hunter Securities, LLC, Moelis & Co. LLC and Aegis Capital Corp. acted as joint-book running managers for the offering.