By Devika Patel
Knoxville, Tenn., Aug. 8 - Midway Gold Corp. said in an 8-K filed Friday with the Securities and Exchange Commission that it took in $1.5 million in a private placement of stock.
Midway sold 600,000 common shares at $2.50 per share to Kinross Gold USA Inc.
Proceeds were used to acquire Hecla Ltd.'s 25% interest in the Golden Eagle property.
Midway, based in White Rock, B.C., is a precious metals exploration company.
| Issuer: | Midway Gold Corp.
|
| Issue: | Common shares
|
| Amount: | $1.5 million
|
| Shares: | 600,000
|
| Price: | $2.50
|
| Warrants: | No
|
| Investor: | Kinross Gold USA Inc.
|
| Settlement date: | Aug. 8
|
| Stock symbol: | Amex: MDW
|
| Stock price: | $1.43 at close May 15
|
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