By Laura Lutz
Des Moines, Nov. 14 - Midway Gold Corp. wrapped a private placement of units for up to C$5 million.
The company sold 2 million units of one share and one half-share warrant at C$2.50 per unit. Each whole warrant will be exercisable at C$3.00 for one year.
Barrick Gold Corp. subscribed for 1 million units, increasing its holdings in Midway to 8.3%.
Midway is a precious metals exploration company based in Vancouver, B.C.
| Issuer: | Midway Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 2 million
|
| Price: | C$2.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$3.00
|
| Investor: | Barrick Gold Corp. (for C$2.5 million)
|
| Settlement date: | Nov. 14
|
| Stock symbol: | TSX Venture: MDW
|
| Stock price: | C$3.10 at close Nov. 13
|
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