Midnight Sun Mining Ends – GuruFocus.com


NOT FOR UNITED STATES DISTRIBUTION OR FOR UNITED STATES DISTRIBUTION

VANCOUVER, BC / ACCESSWIRE / July 5, 2021 / Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSXV:Mma) increased and completed its previously announced non-brokered private placement by issuing 5,619,714 units (the “Units”) at a price of $ 0.35 per unit for gross proceeds of $ 1,966,900. Each unit consists of one common share (“common share”) of the capital of the Company and one common share purchase warrant (“warrant”). Each warrant entitles its holder to purchase one common share of the Company for a period of twenty-four months from closing, at an exercise price of $ 0.50.

The finder’s fee of $ 61,887 will be paid in cash and 176,820 finder’s warrants will be issued as part of the private placement.

All of the securities issued in connection with this private placement, including the common shares underlying the warrants, are subject to a legal hold period which expires on November 3, 2021.

The net proceeds of this offering will be used by the Company as general working capital.

The completion of this private placement remains subject to final acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President and CEO

For more information, contact:
Al Fabbro
Phone. : +1 604 351 8850

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW COMMUNICATION.

These offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) and may not be offered or sold in the United States or in, or for for the benefit of US persons (as defined in Regulation S under the US Securities Act) in the absence of US registration or an applicable exemption from US registration requirements. This press release does not constitute an offer to sell securities in the United States.

SOURCE: Midnight Sun Mining Corp.

See the source version on accesswire.com:
https://www.accesswire.com/654184/Midnight-Sun-Mining-Completes-Private-Placement


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