Midnight Sun Announces Warrant Extension
Midnight Sun Announces Warrant Extension
Vancouver, British Columbia – June 24, 2024 – Midnight Sun Mining Corp. (the “Company” or “Midnight
Sun”) (TSX-V: MMA / OTC: MDNGF) intends to extend the exercise period of a total of 5,619,714 share
purchase warrants, all of which are exercisable at $0.50 per common share (collectively, the
"Warrants"). The Warrants were issued pursuant to a private placement which closed on July 2, 2021 .
The Company proposes to extend the expiry dates for thes e Warrants by an additiona l twelve months
and accordingly the new expiry dates for the Warrants will be July 2, 2025.
All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to
acceptance by the TSX Venture Exchange.
Stock Option Grant
Midnight Sun has granted stock options to purchase an aggregate of 550,000 Common Shares of the
Company, at an exercise price of $0. 33 per share, to certain employees and consultants. These stock
options are fully vested upon issuance and expire five years from the date of issue. The stock options are
granted pursuant to Midnight Sun’s 10% rolling stock option plan.
About Midnight Sun
Midnight Sun is focused on exploring our flagship Solwezi Project, located in Z ambia. Situated in the
heart of the Zambia -Congo Copperbelt, the second largest copper producing region in the world, our
property is vast and highly prospective. Our Solwezi Project is surrounded by world -class producing
copper mines, including Africa’s l argest copper mining complex right next door, First Quantum’s
Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the
world to their credit, Midnight Sun intends to find and develop Zambia’s next generational co pper
deposit.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President & CEO
For Further Information Contact:
Adrian O’Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This news release includes certain statements that may be deemed "forward-looking statements." All
statements in this release, other than statements of historical facts, the expected completion of the
Offering, and the expected use of proceeds are forward -looking statements. Although the Company
believes the expe ctations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward -looking statements. Facto rs that could
cause actual results to differ materially from those in forward -looking statements include, changes in
market conditions, unsuccessful exploration results, changes in commodity price, unanticipated changes
in key management personnel and gene ral economic conditions. Mining exploration and development is
an inherently risky business. Accordingly, the actual events may differ materially from those projected in
the forward -looking statements. This list is not exhaustive of the factors that may af fect any of the
Company's forward -looking statements. These and other factors should be considered carefully, and
readers should not place undue reliance on the Company's forward -looking statements. The Company
does not undertake to update any forward -looking statement that may be made from time to time by
the Company or on its behalf, except in accordance with applicable securities laws.