Midnight Sun Mining Corp. Announces $3.3 Million Private Placement
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
Midnight Sun Mining Corp. Announces $3.3 Million Private Placement
Vancouver, British Columbia, April 25, 2024 -- Midnight Sun Mining Corp. (the "Company" or "Midnight
Sun") (TSX-V: MMA / OTC: MDNGF) is pleased to announce a non -brokered private placement of up to
15,000,000 units (the "Units") at a price of $0. 22 per Unit for gross proceeds of $ 3,300,000 (the
“Offering”). Each Unit will consist of one (1) common share ("Common Share") in the capital of the
Company and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the
holder to purchase one Common Share of the Company for a period of thirty -six months from the
closing of the Offering at an exercise price of $0. 33. The Company intends to close the Offering as soon
as practicable.
Red Cloud Securities Inc. is acting as a finder for the Company under the Offering.
The net proceeds of the Offering will be used by the Company to fund exploration work on its Zambian
mineral properties as well as general working capital.
The Offering, including the futur e issuance of the Common Shares and Warrants, is subject to the final
approval of the TSX Venture Exchange. All securities issued will be subject to a hold period of four
months and one day pursuant to applicable securities laws.
About Midnight Sun
Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. 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 largest 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 copper
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.
These securities being offered have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the
United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities
Act) absent U.S. registration or an applicable exemption from the U.S. registration requirements. This
release does not constitute an offer for sale of securities in the United States.
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 expectations 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 materiall y from those in the forward- looking statements. Factors 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, unant icipated changes
in key management personnel and general 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. Th is list is not exhaustive of the factors that may affect 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 Co mpany
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.