- Midnight Sun Mining Corp. (MMA) has completed a non-brokered private placement for gross proceeds of $937,000
- The company issued 4,685,000 units at a price of $0.20 per unit
- Proceeds will be used to fund further exploration work on the company’s Zambian mineral properties
- Midnight Sun Mining is focused on the exploration and discovery of copper deposits in the Zambian-Congo Copperbelt
- Midnight Sun Mining Corp. (MMA) opened trading at C$0.25
Midnight Sun Mining Corp. (MMA) has completed a non-brokered private placement for gross proceeds of $937,000.
The company issued 4,685,000 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of twenty-four months.
Finder’s fees of $58,560 and 292,800 finder’s warrants will be issued.
All securities issued are subject to a statutory hold period expiring on May 7, 2023.
The net proceeds will be used to fund further exploration work on the company’s Zambian mineral properties as well as general working capital.
Midnight Sun Mining is an exploration-stage company focused on the exploration and discovery of copper deposits in the Zambian-Congo Copperbelt.
Midnight Sun Mining Corp. (MMA) opened trading at C$0.25.