By Laura Lutz
Des Moines, May 8 - Midasco Capital Corp. announced plans for a private placement of units for up to C$3.75 million.
The company plans to sell up to 15 million units of one share and one warrant at C$0.25 per unit. Each warrant will be exercisable at C$0.40 for one year.
The deal will be non-brokered.
Midasco is a mineral exploration company based in Vancouver, B.C.
Issuer: | Midasco Capital Corp.
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Issue: | Units of one share and one warrant
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Amount: | C$3.75 million
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Units: | 15 million
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Price: | C$0.25
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Warrants: | One per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.40
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Agent: | Non-brokered
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Pricing date: | May 8
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Stock symbol: | TSX Venture: MGC
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Stock price: | C$0.32 at close May 7
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