By Sheri Kasprzak
New York, May 3 - Midway Gold Corp. has negotiated a C$4.68 million private placement.
The offering includes up to 2.6 million units at C$1.80 each.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at C$2.70 for one year.
The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$3.25 for more than 15 consecutive trading days.
Vancouver, B.C.-based Midway is a gold and precious metals exploration and development company.
| Issuer: | Midway Gold Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$4.68 million (maximum)
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| Units: | 2.6 million (maximum)
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| Price: | C$1.80
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$2.70
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| Settlement date: | May 3
|
| Stock symbol: | TSX Venture: MDW
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| Stock price: | C$1.90 at close May 3
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