Midasco Announces Non-Brokered Private Placement
c/o 12216 Boundary Drive North, Surrey, B.C. V3X 1Z5
Phone: (604) 503-09861 Email:[email protected]
March 25, 2025 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 7,000,000 units (the “Units”) at the price of $0.05 per Unit for gross
proceeds of up to $350,000, 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 of 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 $0.075 per share for a period 12 months from the date of closing. 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. In addition, the
securities will be subject to a contractual restriction on transfer for a period of 12 months from the date of
closing, with 1/12th of the securities being released to subscribers on each one-month anniversary of the closing
date, subject to acceleration at the sole discretion of the Company . The private placement is subject to the
acceptance of the TSX Venture Exchange.
Net proceeds from this offering will be used to identify and evaluate 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.
It is currently expected that one or more directors and/or officers of the Company will participate in the private
placement, acquiring Units on the same basis as other subscribers. Consequently, the private placement will
constitute a “related party transaction” as such term is defined under Multilateral Instrument 61-101 Protection
of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on exemptions
from the formal valuation and minority shareholder approval requirements set forth in MI 61-101.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be
unlawful.
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 certain 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 on forward -looking statements. Any forward-
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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.
Contact:
William Pettigrew, Chief Executive Officer
Ph: (604) 313-8585
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
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES