By Devika Patel
Knoxville, Tenn., Aug. 24 - Midway Gold Corp. announced it has settled a private placement of shares with Resolute Performance Fund, raising C$5.4 million.
The company sold 2 million shares at C$2.70 apiece.
The shares have a four-month hold period.
Midway Gold, based in White Rock, B.C., is a precious metals exploration company.
Issuer: | Midway Gold Corp.
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Issue: | Stock
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Amount: | C$5.4 million
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Units:: | 2 million
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Price: | C$2.70
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Investor: | Resolute Performance Fund
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Warrants: | No
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Settlement date: | Aug. 24
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Stock symbol: | TSX Venture: MDW
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Stock price: | C$2.64 at close Aug. 23
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