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 around 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 underwriters have an option to purchase an additional 15% of the offering, potentially raising up to C$1,500,120 [3]. - The net proceeds will be allocated to advancing exploration projects in Zambia and for general corporate purposes [3]. Group 2: 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 used [4]. - The offering is subject to necessary approvals, including conditional listing approval from the TSX Venture Exchange [6]. Group 3: Company Background - Midnight Sun is focused on exploring the Solwezi Project in Zambia, located in a significant copper-producing region, surrounded by major copper mines [10].
Midnight Sun Announces C$10 Million “Bought Deal” Life Offering and Private Placement of Units