Closing of Debt Settlement
12216 Boundary Drive North, Surrey, BC, Canada V3Z 1Z5
Phone: 604‐503‐0986 Email:[email protected]
M a y 2 8 , 2 0 2 1 NEWS RELEASE
CLOSING OF DEBT SETTLEMENT
Vancouver, B.C. – Midasco Capital Corp. (the "Company") (TSX-V Symbol: MGC.H) is
pleased to announce that further to its news release of April 1 5, 2021, it has settled an aggregate
of $169,500 in debt (the "Debt") owing to certain directors and a consultant of the Company, in
exchange for 1,695,000 common shares of the Company (the "Shares') at a deemed price of $0.10
per Share (the "Shares for Debt Transactions").
All Shares issued will be subject to a four month hold period, expiring September 21, 2021.
Pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid
and Insider Reporting Issues, Burton Egger, a director of the C ompany, acquired 320,000 Shares
in the Shares for Debt Transaction. With the acquisition of th e Shares, Mr. Egger now holds
approximately 23.62% of the outstanding common shares of the Company. On a partially diluted
basis, assuming exercise of all convertible securities held by Mr. Egger, he would hold 29.01%.
The acquisition of the Shares by Mr. Egger was effected for investment purposes. Mr. Egger may
from time to time acquire additional securities of the Company, d i s p o s e o f s o m e o r a l l o f t h e
existing or additional securities he holds or will hold, or may continue to hold his current position.
The early warning report, as required under National Instrument 62-103, contains additional
information with respect to the foregoing matters and will be filed by Mr. Egger on the Company's
SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
MIDASCO CAPITAL CORP.
William Pettigrew,
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accept s responsibility for the adequacy or accuracy
of this release.
Disclaimer for Forward-Looking Information:
"This news release may contain fo rward-looking statements withi n the meaning of applicable
securities laws. Forward-looking statements may include estimat es, plans, anticipations,
expectations, opinions, forecasts, projections, guidance or oth er similar statements that are not
statements of fact. Although the Company believes that the expectations reflected in such forward-
looking statements are reasonable, it can give no assurance that such expectations will prove to be
correct. These statements are subject to certain risks and unce rtainties, including the risks and
uncertainties identified by the Company in its public securitie s filings, and may be based on
12216 Boundary Drive North, Surrey, BC, Canada V3Z 1Z5
Phone: 604‐503‐0986 Email:[email protected]
assumptions that could cause actual results to differ materiall y from those anticipated or implied
in the forward-looking statements. The Company's forward-lookin g statements are expressly
qualified in their entirety by this cautionary statement. The forward-looking statements contained
in this news release are made as of the date hereof and the Company undertakes no obligations to
update publicly or revise any fo rward-looking statements or inf ormation, whether as a result of
new information, future events or otherwise, unless so required by applicable securities laws."