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Midway Gold aims to price $25 million public offering of common shares
Bookrunners RBC Capital and Haywood Securities will assist with sale
By Devika Patel
Knoxville, Tenn., May 29 - Midway Gold Corp. will price a $25 million public offering of common stock with a greenshoe option, according to a preliminary prospectus supplement filed Thursday with the Securities and Exchange Commission.
RBC Capital Markets and Haywood Securities (USA) Inc. are the joint bookrunning managers.
Proceeds will be used for construction and working capital at the Pan Project, Gold Rock development and permitting and general corporate purposes.
Midway, based in Vancouver, B.C., is a development-stage company that acquires, explores and develops gold and silver mineral properties in North America.
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