Midasco Announces Non-Brokered Private Placement
12216 Boundary Drive North, Surrey, B.C. V3X 1Z5
Phone: (604) 669-2901 Fax: (604) 669-8922 Email:[email protected]
March 15th, 2017 NEWS RELEASE
Midasco Announces Non-Brokered Private Placement
Vancouver, B.C. – The Company (Midasco Capital Corp. – TSX-V Symbol MGC .H) wishes to announce
that it intends to issue up to a maximum of 2,500,000 units (the “Units”) at the price of $0.06 per Unit for gross
proceeds of up to $150,000, subject to regulatory approval . Each Unit will be sold on a non -brokered private
placement basis and will be offered pursuant to exemptions from registration and prospectus requirements of
applicable securities legislation. Each Unit will consist o f one common share of the Company and one share
purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of
the Company at an exercise price of $0.06 per share for a period of three years from the date of closi ng. It is
anticipated that certain insiders of the Company will participate in the offering. All securities issued pursuant to
the private placement will be subject to a four -month hold period from the date of closing. The private
placement is subject to the acceptance of the TSX Venture Exchange.
Net proceeds fro m this offering will be used to eva luate new business opportunities in the mineral resource
sector and for general working capital. It is not anticipated that the Company will pay any finder's fees in
connection with the above financing.
Statements included in this announcement, including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to be, and are hereby identified as “forward -
looking statements”. Forward looking statements may be identified by words including “anticipates”, “ believes”,
“intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward -looking
statements, including without limitation those relating to the Company’s future operations and business
prospects, are subject to certai n risks and uncertainties that could cause actual results to differ materially from
those indicated in the forward -looking statements. Readers are advised to rely on their own evaluation of such
risks and uncertainties and should not place undue reliance o n forward -looking statements. Any forward -
looking statements are made as of the date of this news release, and the Company assumes no obligation to
update the forward-looking statements, except in accordance with the applicable laws.
We seek Safe Harbor.
Contact: William Pettigrew, President
Ph: (604) 669-2901
“Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of this release”