NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / June 4, 2021 / Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSXV: MMA) is pleased to announce an unmediated private location of up to 3,000,000 units (the “Units) at a price of $ 0.35 per unit for a gross income of $ 1,050,000 (the “offer”) Each unit will consist of one (1) common share (“Common Share”) in the company’s capital and one (1) warrant for the purchase of Common Share (a “Guarantee”) Each Guarantee shall entitle the holder to purchase a Joint Stock of the Company for a period of twenty-four months from the close of the Offer at an exercise price of 0, $ 50. The Company intends to close the Offering as soon as possible.
The net proceeds of the Offering will be used by the Company as a general working capital.
The Offering, including the future issue of Common Shares and Warrants, is subject to final approval by the TSX Venture Exchange. All securities issued will be subject to a retention period of four months and one day in accordance with applicable securities legislation.
Subsidy for action options
Midnight Sun has granted stock options to purchase a total of 550,000 common shares of the company, at an exercise price of $ 0.31 per share, from certain consultants working for the company. Stock options are granted and granted under Midnight Sun’s 10% rolling stock options plan. 350,000 of these stock options expire twelve months from the date of issue and 200,000 expire five years after the date of issue.
IN THE MIDDLE OF THE MIDNIGHT BOARD SUN MINING CORP.
President and CEO
For more information, contact:
Tel: +1 604 351 8850
NEITHER THE CHANGE OF TSX VENTURE OR YOUR REGULATORY SERVICE PROVIDER (AS THE TERM IS DEFINED IN THE TSX VENTURE EXCHANGE POLICIES) DOES NOT ACCEPT RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THIS NEWS.
These offered securities have not been registered and will not be registered under the United States Securities Act of 1933, as amended (the United States Securities Act) and may not be offered or sold in the United States. nor for the benefit of U.S. persons (as defined in Regulation S under the United States Securities Act) who do not have U.S. registration or an applicable exemption from U.S. registration requirements. This version does not constitute an offer to sell securities in the United States.
This statement includes some statements that may be considered “forward-looking statements.” All statements in this release, except for statements of historical facts, the intended termination of the offer, and the intended use of revenue are forward-looking statements. While the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or developments may differ substantially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unforeseen changes in key personnel management and general economic conditions. Mining exploration and development is an intrinsically risky business. Consequently, actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the company’s forward-looking statements. These and other factors should be considered carefully and readers should not overly rely on the company’s forward-looking statements. The Company does not undertake to update any forward-looking statements that the Company or its name may make from time to time, except in accordance with applicable securities laws.
SOURCE: Midnight Sun Mining Corp.
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