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BRIEF-Midas Gold to enter strategic relationship with Paulson & Co. and raise C$55.2 million

Published 2016-02-22, 11:21 a/m
© Reuters.  BRIEF-Midas Gold to enter strategic relationship with Paulson & Co. and raise C$55.2 million
PPTA
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Feb 22 (Reuters) - Midas Gold Corp MAX.TO :
* To enter strategic relationship with Paulson & Co. and raise C$55.2 million
* Says will conduct an offering of Canadian dollar denominated 0.05% senior
unsecured convertible notes
* Notes will have a term of seven years and may be converted into common shares
of Midas Gold at a price of C$0.3541 per share
* Says all of the directors and officers of the company have agreed to support
the offering at a meeting of shareholders
* Says intends to use the proceeds from the offering to advance its Stibnite
Gold Project in Idaho

* Source text for Eikon ID:nMKWZL0kDa

* Further company coverage MAX.TO

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