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Midnight Sun Announces Further Upsize to Previously Announced “Bought Deal” Life Offering and Private Placement of Units to C$26.5 Million
Globenewswire· 2025-10-03 17:30
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / VANCOUVER, British Columbia, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Midnight Sun Mining Corp. (TSXV:MMA, OTC:MDNGF) (“Midnight Sun” or the “Company”) is pleased to announce that it has further amended the terms of its previously announced “bought deal” LIFE offering and private placement financing to increase the size of the offering to C$26.5 million (the “Upsized Offering”). Under the terms of the Upsized Offe ...
Midnight Sun Announces Upsize to Previously Announced “Bought Deal” LIFE Offering and Private Placement of Units to C$17.5 Million
Globenewswire· 2025-10-03 12:38
Core Viewpoint - Midnight Sun Mining Corp. has increased the size of its previously announced "bought deal" LIFE offering to C$17.5 million, indicating strong investor interest and confidence in the company's exploration projects in Zambia [1][2]. Offering Details - The Upsized Offering will consist of 12,963,000 units priced at C$1.35 per unit, generating gross proceeds of C$17,500,050 [2]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 for 24 months [3]. - The Underwriters have an option to purchase an additional 15% of the offering, potentially raising an extra C$2,625,007.50 [4]. Use of Proceeds - The net proceeds from the offering will be allocated to advancing exploration projects in Zambia and for general corporate purposes [4]. Regulatory and Compliance Information - The offering will be available to purchasers in all Canadian provinces except Québec, with specific resale restrictions based on the type of exemption utilized [5]. - The closing of the Upsized Offering is anticipated on or about October 28, 2025, subject to necessary approvals from the TSX Venture Exchange and regulatory authorities [7]. Compensation to Underwriters - The company will pay the Underwriters a cash commission of 6.0% of the gross proceeds and issue transferable compensation options equivalent to 6.0% of the total units sold [8]. Company Overview - Midnight Sun is focused on its flagship Solwezi Project in Zambia, located in a major copper-producing region, aiming to discover and develop significant copper deposits [11].
Midnight Sun Announces C$10 Million “Bought Deal” Life Offering and Private Placement of Units
Globenewswire· 2025-10-02 19:59
Core Viewpoint - Midnight Sun Mining Corp. has announced a bought deal financing agreement to raise C$10,000,800 through the sale of 7,408,000 units at C$1.35 per unit, with the offering expected to close on or about October 28, 2025 [1][6]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 for 24 months [2]. - The company has granted the underwriters an option to purchase an additional 15% of the offering, potentially raising up to C$1,500,120 [3]. - The net proceeds will be used for advancing exploration in Zambia and for working capital and general corporate purposes [3]. Group 2: Regulatory and Compliance Information - The units will be offered in all Canadian provinces except Québec, with no resale restrictions under the LIFE Exemption, while units under Private Placement Exemptions will have a hold period of four months and one day [4][5]. - The offering is subject to necessary approvals, including conditional listing approval from the TSX Venture Exchange [6]. Group 3: Compensation and Fees - The company will pay the underwriters a cash commission of 6.0% of the gross proceeds and issue transferable compensation options equal to 6.0% of the aggregate number of units sold [7]. Group 4: Company Overview - Midnight Sun is focused on exploring the Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [10]. - The project is adjacent to significant copper mining operations, including First Quantum's Kansanshi Mine, and aims to discover and develop new copper deposits [10].
Midnight Sun Announces C$10 Million “Bought Deal” Life Offering and Private Placement of Units
Globenewswire· 2025-10-02 19:59
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / VANCOUVER, British Columbia, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Midnight Sun Mining Corp. (TSXV:MMA, OTC:MDNGF) (“Midnight Sun” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (together with Haywood, the “Underwriters”), pursuant to w ...
Midnight Sun Confirms Dumbwa System With Initial Copper Intercepts
Newsfile· 2025-10-01 10:30
Core Viewpoint - Midnight Sun Mining Corp. has confirmed significant copper mineralization at the Dumbwa Target through initial drilling results, indicating a promising exploration phase for the company [1][4]. Summary by Sections Initial Drilling Results - The initial intercepts at the Dumbwa Target include 39.7 meters of 0.51% copper, with notable sections of 7.0 meters at 1.13% copper and 25.9 meters at 0.48% copper [1][2]. - Hole DBW-25-003 intercepted 0.48% Cu over 25.9 meters and 0.29% Cu over 5.2 meters, while hole DBW-25-007 intercepted 0.51% Cu over 39.7 meters, including 1.13% Cu over 7.0 meters [2][4]. Geological Insights - The mineralization occurs within near-vertical shear zones, with copper sulphides predominantly consisting of bornite, chalcopyrite, and chalcocite [5][8]. - The geological model suggests multiple near-vertical, parallel to sub-parallel shear zones that remain open to further exploration along the ~20-kilometer strike length of the target area [8][14]. Future Exploration Plans - Following the initial holes, additional drilling (DBW-25-009 and DBW-25-010) was conducted to assess the lateral extent of the mineralization and confirm the orientation of the shear zones [6][7]. - The results from the step-out holes confirmed the presence of multiple parallel shear zones and indicated broad intervals of mineralization [7][8]. Company Background - Midnight Sun is focused on exploring the Solwezi Project in Zambia, situated in a highly prospective area of the Zambia-Congo Copperbelt, surrounded by significant copper mining operations [14].
Midnight Sun Adds Third Drill Rig At Dumbwa
Newsfile· 2025-09-23 10:30
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce the mobilization of a third diamond drill rig to its flagship Dumbwa Target, a key component of the Company's Solwezi Project, located in the Domes Region of Zambia. The most recent drilling tender has been awarded to Chibuli Investments Limited, a local drilling contractor based in Ndola, Zambia. Under the terms of the contrac ...
Updated: Donald Trump Jr. Commences a 2 Year Strategic Advisor Appointment with MMA.INC
Globenewswire· 2025-09-17 12:00
Highlights Mr Donald Trump Jr. (through his associated entity) holds 1,500,000 securities in MMA.INCMr. Donald Trump Jr. serves alongside Conor McGregor, MMA.INC’s most prominent investor, as Strategic Advisor to MMA.INC for a 2 year termMr Donald Trump Jr. brings invaluable technology and media expertise as Director of Trump Media and Technology Group and as Co-Founder of World Liberty Financial New York, NY, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Mixed Martial Arts Group Limited (NYSE American: MMA) (“MMA” or ...
Donald Trump Jr. Just Supercharged This Penny Stock. Should You Buy Shares Here?
Yahoo Finance· 2025-09-12 17:36
Mixed Martial Arts Group's (MMA) stock skyrocketed over 100% in premarket trading on Tuesday after announcing that Donald Trump Jr. would join as a strategic advisor. The combat sports company, trading under the ticker MMA, saw its stock surge from 85 cents to above $1 for the first time since August. MMA stock is now priced around $1.76. www,barchart.com Trump Jr. will provide strategic counsel to enhance global recognition and accelerate the commercialization of MMA’s platforms, technology, and trainin ...
MMA.INC Secures Landmark UFC GYM Deal as BJJLink Becomes the Engine of Growth
Accessnewswire· 2025-09-10 13:45
NEW YORK, NY / ACCESS Newswire / September 10, 2025 / Mixed Martial Arts Group Ltd. (NYSE American:MMA) is not waiting for the fight game to evolve. ...
UFC GYM Rolls Out MMA.INC’s BJJLink.com Software as the Technology Engine to Power its Global Brazilian Jiu Jitsu (BJJ) Franchise Growth
Globenewswire· 2025-09-10 12:00
Highlights Landmark multi year agreement strengthens UFC GYM and MMA.INC alliance, supporting the global rollout of 45 new gyms in 2025 and accelerating the expansion of UFC GYM’s high growth BJJ program, powered by MMA.INC’s category leading software.BJJLink.com is the definitive “all in one” operating system for martial arts first businesses, optimizing member management and engagement, driving revenue growth and unlocking scalable monetization for franchisees.Builds on MMA.INC and UFC GYM’s broader strat ...