| Home : June 2012 : June 26, 2012 News : Midway Gold Announces Terms of US$15,040,000 Unit Offering |
Midway Gold Announces Terms of US$15,040,000 Unit Offering |
June 26, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2012) - Midway Gold Corp. ("Midway" or the "Company") (TSX VENTURE:MDW) (NYSE MKT:MDW) announces that, further to its news release dated June 25, 2012, it has entered into an underwriting agreement with a syndicate of underwriters co-led by RBC Capital Markets and Haywood Securities Inc. and including Stifel Nicolaus Canada Inc. (collectively, the "Underwriters"), whereby the Underwriters have agreed to purchase 11,750,000 units (the "Units") at a price of US$1.28 per Unit for gross proceeds of US$15,040,000 (the "Offering"). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant (a "Warrant") will entitle the holder to purchase one common share of the Company for a period of 18 months following the closing of the Offering (the "Closing") at a price of US$1.85. The Company can accelerate the expiry of the Warrants to a date 30 days after giving notice to the holders thereof in the event the Company's common shares trade at a closing price on the NYSE MKT of greater than US$2.10 for a period of 20 consecutive trading days following the Closing.
http://www.marketwire.com/mw/release.do?id=1673995&sourceType=3
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