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VANCOUVER, BC, June 30, 2022 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) is pleased to announce the closing of its previously announced private placement offering of 28,571,429 subscription receipts (each a "Subscription Receipt") at an issue price of $0.70 per Subscription Receipt for gross proceeds of approximately $20,000,000 (the "Offering"). The Offering was led by Stifel GMP, as lead underwriter, on behalf of a syndicate of underwriters including Beacon Securities Limited, BMO Capital Markets, and Raymond James Ltd. (collectively, the "Underwriters").