Midnight Sun Mining Corp. Completes First Tranche of Private Placement

Author's Avatar
Apr 12, 2019
Article's Main Image

VANCOUVER, BC / ACCESSWIRE / October 31, 2018 -- Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX-V: MMA) is pleased to announce the completion of the first tranche of its previously announced non-brokered private placement by issuing 4,458,000 units (the "Units") at a price of $0.12 per Unit for gross proceeds of $534,960. Each Unit consists of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of twelve months from closing, at an exercise price of $0.20.