ORIGINAL: Midnight Sun Announces C$10 Million “Bought Deal” Life Offering and Private Placement of Units
2025-10-02 20:02 ET - News Release
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /
VANCOUVER, British Columbia, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Midnight Sun Mining Corp. (TSXV:MMA, OTC:MDNGF) (“Midnight Sun” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (together with Haywood, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 7,408,000 units of the Company (the “Units”) at a price per Unit of C$1.35 (the “Issue Price”) for aggregate gross proceeds to the Company of C$10,000,800 (the “Offering”), to be issued and sold to eligible purchasers pursuant to: (i) private placement exemptions in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) (the “Private Placement Exemptions”); and/or (ii) the ‘listed issuer financing exemption’ under Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “LIFE Exemption”), in any combination thereof.
Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant of the Company (each whole purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (a “Warrant Share”) at a price per Warrant Share of C$2.00 for a period of 24 months from the Closing Date (as defined herein). |
