Midas Gold today reported that it has completed its previously announced offering of Canadian dollar denominated 0.05% senior unsecured convertible notes issued by a wholly owned subsidiary of the Company, raising total gross proceeds of US$35.0 million. The 2020 Notes are convertible into common shares of the Company at a price of C$0.4655 per share. All of the 2020 Notes were purchased by Paulson & Co., Inc. and no 2020 [...]
Midas Gold Corp. today announced that it has amended its private placement originally announced on February 27, 2020 in order to reflect the current market price of the Company’s common shares. “The turmoil in the market since the announcement of the offering on February 27, 2020 has impacted the price of Midas Gold’s shares, along with many others,” said Stephen Quin, President & CEO. “After [...]
Midas Gold today announced that it has entered into funding agreements for gross proceeds of US$35 million to be used for funding continued work on the Stibnite Gold Project and for general working capital purposes. Midas Gold has signed a binding term sheet with Paulson & Co. Inc., on behalf of the several investment funds and accounts managed by it, pursuant to which Paulson will purchase Canadian dollar denominated [...]
Midas Gold Corp. today announced, on behalf of its subsidiary Midas Gold Idaho, Inc. , the United States Forest Service and other regulators working on the Stibnite Gold Project have, following internal reviews, identified a number of recommended improvements to the Draft Environmental Impact Statement that is being prepared by the USFS as the lead agency. These recommended improvements to the Draft EIS will ultimately [...]
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the December 4th and 5th conference are now available for on-demand viewing at VirtualInvestorConferences.com. The event featured presentations from OTCQX [...]
Midas Gold Corp. reported today that the U.S. Forest Service has indicated that the Draft Environmental Impact Statement for the Stibnite Gold Project in Valley County, Idaho, will be made available for public review in January 2020. Midas Gold Idaho continues to work closely with federal and state regulators to ensure that the permitting process remains on track. The USFS also anticipates issuing a Final EIS and Draft [...]
Company executives will share vision and answer audience questions at VirtualInvestorConferences.com Virtual Investor Conferences today announced the agenda for the upcoming Virtual lnvestor Conference, the leading proprietary investor conference series. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9:15 AM ET on Wednesday, December 4th and Thursday [...]
Company executives will share vision and answer audience questions at VirtualInvestorConferences.com Virtual Investor Conferences today announced the agenda for the upcoming Virtual lnvestor Conference, the leading proprietary investor conference series. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9:15 AM ET on Wednesday, December 4th with the first [...]
Midas Gold Corp. reported today that permitting for the Stibnite Gold Project continues to move forward on the schedule announced on April 2, 2019, without any additional delays. Midas Gold Idaho, a subsidiary of Midas Gold, has been working closely with federal and state regulators to ensure that the permitting remains on track with the agreed schedule. This is the second quarter in a row that the United States Forest [...]
Midas Gold Corp. understands that the Nez Perce Tribe has followed on from its Notice of Intent to sue by filing suit in federal court on essentially the same matters as discussed in the June 6, 2019 release. Midas Gold will vigorously defend the unwarranted and misguided lawsuit over water quality in the Stibnite Mining District related to historical mining activity dating back over 80 years and long before the Company [...]
Midas Gold Corp. is pleased to announce that it has closed the previously announced bought deal equity financing led by RBC Capital Markets and BMO Capital Markets and including Haywood Securities Inc. The Company has issued 33,200,000 common shares at a price of C$0.60 per Offered Share for aggregate gross proceeds of C$19,920,000. The Offered Shares were qualified for distribution by a prospectus supplement dated June [...]
Midas Gold Corp. has today entered into an agreement with RBC Capital Markets and BMO Capital Markets and a syndicate of underwriters in connection with a bought deal public offering of 33,200,000 common shares of the Company . The Common Shares will be offered at a price of C$0.60 per Common Share for gross proceeds of approximately C$19.9 million. The proceeds from the sale of the Common Shares will be used to advance [...]