Midnight Sun Mining Corp. Announces Private Placement
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
Midnight Sun Mining Corp. Announces Private Placement
Vancouver, British Columbia, June 4, 2021 -- Midnight Sun Mining Corp. (the "Company" or
"Midnight Sun") (TSX -V: MMA) is pleased to announce a non -brokered private placement of up to
3,000,000 units (the "Units") at a price of $0. 35 per Unit for gross proceeds of $ 1,050,000 (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 twenty-four months from the
closing of the Offer ing at an exercise price of $0. 50. The Company intends to close the Offering as
soon as practicable.
The net proceeds of the Offering will be used by the Company as general working capital.
The Offering, including the futu re 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.
Stock Option Grant
Midnight Sun has granted stock options to purchase an aggregate o f 550,000 Common Shares of the
Company, at an exercise price of $0. 31 per share, to certain consultants working for the Company .
The stock options are granted and vest pursuant to Midnight Sun’ s 10% rolling stock option plan .
350,000 of these stock options expire twelve months from the date of issue and 200,000 expire five
years from the date of issue.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President & CEO
For Further Information Contact:
Al Fabbro
Tel: +1 604 351 8850
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 expresse d 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. 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, unanticipated
changes in key management personnel and general economic cond itions. 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
affect any of the Co mpany'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.