News Column

Midway Gold Announces Closing of Over-Allotment

July 5, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Midway Gold Corp. (TSX and NYSE MKT:MDW) ("Midway Gold" or the "Company") is pleased to announce additional gross proceeds of US$2,500,043 pursuant to the exercise of the over-allotment option by a syndicate of underwriters co-led by RBC Capital Markets and Haywood Securities Inc., and including Canaccord Genuity Corp. and Cormark Securities Inc. The Company has issued an additional 3,012,100 common shares ("Common Shares") at an offering price of US$0.83 per Common Share.

Aggregate gross proceeds from the offering, including the over-allotment option, now total US$27,500,473.

The Company intends to use the net proceeds of the offering to fund the construction and working capital for the Pan gold project, Gold Rock development and permitting, and general corporate purposes.

The prospectus supplement to the Company's short form base shelf prospectus dated December 5, 2012 filed with the securities commissions in British Columbia, Alberta and Ontario (the "Canadian Prospectus") and the prospectus supplement to the Company's base prospectus dated November 14, 2012 included in the registration statement on Form S-3 filed with the Securities and Exchange Commission (the "U.S. Prospectus") contain important information relating to these securities. Copies of the Canadian Prospectus are available at www.sedar.com and copies of the U.S. Prospectus are available at www.sec.gov, and copies of both the Canadian Prospectus and the U.S. Prospectus may be obtained in Canada from, RBC Capital Markets at RBC Capital Markets, Attention: Distribution Centre, 180 Wellington St. W., 8th Floor, Toronto, Ontario M5J OC2 fax: 416-313-6066, email: distribution@rbccm.com or in the U.S., Attention: RBC Capital Markets, LLC, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention: Equity Syndicate; Phone: 877-822-4089; Fax: 212-428-6260, or from Haywood Securities Inc. & Haywood Securities (USA) Inc., Attention: Michelle Jankovich, Suite 700-200 Burrard Street, Vancouver, BC V6C 3L6; Phone: 604-697-7126; Fax: 604-697-7498; Email: mjankovich@haywood.com.

Keywords for this news article include: Midway Gold Corp, Banking and Finance, Investment and Finance.

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Source: Investment Weekly News


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