May 9 (Reuters) - Midas Gold Corp MAX.TO :
* BARRICK MAKES STRATEGIC INVESTMENT IN MIDAS GOLD TO ADVANCE THE STIBNITE GOLD PROJECT, IDAHO
* MIDAS GOLD CORP - BARRICK TO BUY 46.6 MILLION COMMON SHARES OF MIDAS IN PRIVATE PLACEMENT AT A PRICE OF C$1.06 PER SHARE
* MIDAS GOLD- NON-BROKERED PRIVATE PLACEMENT TO RESULT IN BARRICK OWNING 19.9% OF ISSUED,OUTSTANDING SHARES IN MIDAS GOLD ON A POST-TRANSACTION BASIS
* MIDAS GOLD CORP - TO ALSO USE PROCEEDS FROM PLACEMENT TO ADVANCE ITS STIBNITE GOLD PROJECT THROUGH TO COMPLETION OF A FEASIBILITY STUDY
* MIDAS GOLD CORP - MIDAS GOLD AND BARRICK WILL ENTER INTO AN INVESTOR RIGHTS AGREEMENT ON CLOSING OF OFFERING
* MIDAS GOLD CORP - CO WILL BE INCREASING BOARD SIZE FROM SEVEN TO EIGHT AND WILL BE APPOINTING AN INDEPENDENT DIRECTOR TO FILL THAT POSITION