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Midway Gold Announces Private Placement.

International Resource News-27 October 2008-Midway Gold Announces Private Placement(C)2008 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 27 October 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Midway Gold Corp (TSX V: MDW), a Canada-based company that acquires and develops precious metals properties, has announced a non-brokered private placement offering.

The company plans to generate up to CDD2.75m in this offering by issuing up to 12.5 million units at a price of CDD0.22 per unit. Each unit will comprise one common share and one common share purchase warrant exercisable for one common share, at a price of CDD0.28 for a term of six months. The proceeds of the financing will be used to fund ongoing exploration programmes and to pay down debt.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

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Publication:International Resource News (IRN)
Date:Oct 27, 2008
Words:154
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