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Midas Gold Corp increases private placement to C$12.8 mln closes first tranche of C$11.9 mln, with balance expected to close shortly


Tuesday, 4 Mar 2014 05:30pm EST 

Midas Gold Corp:Closes first tranche non-brokered private placement financing of units at a price of C$0.90 per Unit.Aggregate amount of the financing was increased to C$12.8 million from the initially announced amount of C$10.0 million, partially as a result of Teck Resources Limited (Teck) electing to exercise its right to participate in the Financing.increases private placement to C$12.8 mln closes first tranche of C$11.9 mln, with balance expected to close shortly.Intends to use the net proceeds of the Financing for the exploration and development of its Golden Meadows Project in central Idaho, and for general working capital purposes. 

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0.415
-0.0050 -1.19%
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