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Midas Gold Corp (MAX.TO)

MAX.TO on Toronto Stock Exchange

0.76CAD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Midas Gold says U.S. forest service begins analysis of its proposed plan of restoration and operations for stibnite gold project in Idaho
Tuesday, 28 Mar 2017 08:00am EDT 

Midas Gold Corp : Midas Gold-U.S. Forest service begun analysis of Midas Gold Idaho Inc's proposed plan of restoration and operations for Stibnite Gold project in Idaho .Midas Gold Corp - U.S. forest service stated that it expects to produce a draft record of decision in 2018 and final record of decision in Q1 of 2019.  Full Article

Midas Gold Corp to enter strategic relationship with Paulson & Co. and raise C$55.2 million
Monday, 22 Feb 2016 11:18am EST 

Midas Gold Corp:To enter strategic relationship with Paulson & Co. and raise C$55.2 million.Says will conduct an offering of Canadian dollar denominated 0.05% senior unsecured convertible notes.Notes will have a term of seven years and may be converted into common shares of Midas Gold at a price of C$0.3541 per share.Says all of the directors and officers of the company have agreed to support the offering at a meeting of shareholders.Says intends to use the proceeds from the offering to advance its stibnite gold project in Idaho.  Full Article

Midas Gold announces financings to raise up to C$8 million
Wednesday, 29 Apr 2015 08:02am EDT 

Midas Gold Corp:Says it has entered into an agreement with Haywood Securities Inc., on behalf of a syndicate of agents (the Agents).The Agents have agreed to sell up to 12,000,000 units of the company (Units) at a price of C$0.42 per unit on a private placement basis, representing gross proceeds to the company of up to C$5,040,000.The company may concurrently complete a non-brokered private placement on the same terms as the brokered financing to raise up to an additional C$3,000,000 for aggregate gross proceeds to the company of up to C$8,040,000.Certain Directors and employees of Midas Gold plan to participate in the non-brokered financing.In addition, the Agents have been granted an over-allotment option to sell up to an additional C$1,000,000 of units on the same terms as the financings.Each unit will consist of one common share of the company and one-half of one common share purchase warrant (each whole common share purchase warrant, a Warrant).Each Warrant will entitle the holder to purchase one additional common share of the company at an exercise price of C$0.60 for a period of 24 months following the closing of the financings.The company intends to use the net proceeds of the financings to fund the continued advancement of the company's Stibnite Gold Project, and for working capital and general corporate purposes.Closing of the financings is expected to be on or about May 20.  Full Article

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