/ 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 ...

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].

Core Viewpoint - Fiera Capital Corporation has revised its agreement with underwriters to increase the size of its bought deal offering of senior subordinated unsecured debentures to $70 million due to strong demand [1] Group 1: Offering Details - The offering consists of senior subordinated unsecured debentures priced at $1,000 each, with an expected closing date around June 3, 2025 [1] - The debentures will bear an interest rate of 7.75% per annum, payable semi-annually, with the first payment on December 31, 2025 [2] - The maturity date for the debentures is set for June 30, 2030 [2] Group 2: Redemption Terms - The debentures are not redeemable before June 30, 2028, except in the event of a change of control [3] - After the first call date, the debentures can be redeemed at a price of 103.875% of the principal amount plus accrued interest until June 30, 2029, after which they can be redeemed at par plus accrued interest [3] Group 3: Use of Proceeds - The net proceeds from the offering will be used to redeem the Company's existing 8.25% senior subordinated unsecured debentures due December 31, 2026, and for general corporate purposes [5] - Until the proceeds are used for redemption, they will temporarily reduce indebtedness under the Company's unsecured revolving credit facility [5] Group 4: Legal and Regulatory Aspects - A preliminary short form prospectus will be filed with securities regulatory authorities across Canada, and the offering is subject to customary regulatory approvals [7] - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [8]