Midnight Sun Mining Corp V.MMA

Alternate Symbol(s): MDNGF

Midnight Sun Mining Corp. is a Canada-based company, which is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambia-Congo Copperbelt. It holds a 60% interest in two mineral prospecting licenses, 21509-HQ-LEL and 12124-HQ-LPL, the Solwezi Licenses, which are held by a subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited. Its properties comprise 506 square kilometers of prospective geology contiguous to the mine license held by First Quantum Minerals, which includes the Kansanshi Mining Complex. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. Dumbwa is a Tier-One exploration target, featuring a remarkable copper soil anomaly. Mitu is a target area located in the southwestern portion of its Solwezi Project. Crunch Zone is situated between the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast. Kazhiba is located 20 kilometers northwest of the Solwezi Dome.

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Midnight Sun Mining Corp > Alaska and now Minnesota, the U.S. said NO to permits

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Comment by Sherry35on Feb 01, 2023 12:06pm

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RE:RE:Alaska and now Minnesota, the U.S. said NO to permits

Mufred34 - You are right about another private placement which I suspect considering MMA historical annual placements were aroun $1.2M.

I like the 5.6 cents per share with a 10 cent warrant price. Is this a TSX mistake in printing or did 12 placees just get an amazing deal with 300% on investment?

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Midnight Sun 12.5-million-share private placement

2023-01-31 18:07 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 25, 2023.

Number of shares: 12.5 million shares

Purchase price: 5.6 cents per share

Warrants: 12.5 million share purchase warrants to purchase 12.5 million shares

Warrant exercise price: 10 cents for a three-year period

Number of placees: 14 placees

Insider/pro group participation: Four insiders subscribed for a total of 2,928,557 units.

Finder's fee: not applicable

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