Press Releases

2021, 2015 Guest User 2021, 2015 Guest User

MIDAS GOLD PRESENTED WITH 2015 ENVIRONMENTAL EXCELLENCE AWARD BY IDAHO ASSOCIATION OF COMMERCE & INDUSTRY

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) (“Midas Gold” or the “Company”) is pleased to announce it has been presented with the 2015 Environmental Excellence Award from the Idaho Association of Commerce & Industry (“IACI”) in recognition of innovative environmental leadership and accomplishment, which have achieved outstanding results in environmental protection and enhancement.

Midas Gold was recognized for investing time, resources and expertise into restoring areas of pre-existing environmental disturbance, improving local water quality, and enhancing fish habitat in the Stibnite-Yellow Pine area of central Idaho, while moving forward with mineral exploration through sustainability initiatives that minimize environmental impact.

“Midas Gold is honoured to receive this award from one of Idaho’s leading business associations,” said Stephen Quin, President & CEO of Midas Gold Corp. “Our focus on the restoration of the Stibnite Gold Project site is part of a long term commitment to environmental improvement and sustainable development, and we look forward to building on these efforts in the future.”

The Stibnite-Yellow Pine mining district has been impacted by nearly 100 years of mining activities conducted by prior operators. Midas Gold hopes to revive this historic mining area through a carefully planned redevelopment program that is based upon clean-up and restoration of the site as well as significant, well-paid employment over an almost 20-year period.

Please see the annual Sustainability Report (available at www.midasgoldidaho.com) for details of Midas Gold’s current restoration activities at the Stibnite Gold Project site and its efforts to develop sustainable forms of energy. Over the past several years, more than 30,000 trees have been planted to reduce sediment runoff and improve water quality, eight acres of historically disturbed lands have been restored, and more than 30 tons of scrap metal left by prior operators have been recycled or removed. Midas Gold has also established a solar power system at Stibnite which has greatly reduced diesel fuel consumption for its camp and on site activities. These achievements were accomplished in parallel with its exploration activities, where 100% of its drill sites have been reclaimed, and which generated significant investment in the project, expenditures in the surrounding communities and local employment.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold-antimony-silver deposits in the Stibnite‐Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understands”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Midas Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation, unforeseen circumstances that may cause the costs associated with the ongoing advancement of the Stibnite Gold Project to be higher than management’s expectations; fluctuations in metal prices; permitting requirements and restraints; and uncertainties related to raising sufficient financing in a timely manner and on acceptable terms. In making the statements constituting Forward-Looking Information in this news release, the Company has applied several material assumptions including, but not limited to,. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Read More
2021, 2015 Guest User 2021, 2015 Guest User

MIDAS GOLD FINANCINGS COMPLETED & OVER-ALLOTMENT OPTION EXERCISED GROSS PROCEEDS OF C$8.0 MILLION

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) (“Midas Gold” or the “Company”) today announced that it has completed its previously announced private placement financings, including the exercise of the over-allotment option, for aggregate gross proceeds to the Company of C$8.0 million. The financings consisted of: (i) a brokered private placement (the “Brokered Financing”) of a total of 14,380,952 units of the Company (“Units”) at a price of C$0.42 per Unit representing gross proceeds to the Company of C$6.0 million; and (ii) a non-brokered financing (the “Non-Brokered Financing” and, together with the Brokered Financing, the “Financings”) of a total of 4,743,238 Units on the same terms as the Brokered Financing representing gross proceeds to the Company of C$2.0 million.

Each Unit consists of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company (a “Warrant Share”) at an exercise price of C$0.60 until May 20, 2017.

The Units comprising the Brokered Financing were placed by a syndicate of agents (the “Agents”) led by Haywood Securities Inc. and including National Bank Financial Inc. and Salman Partners Inc. A cash commission equal to 6% of the gross proceeds of the Brokered Financing was paid to the Agents.

In connection with the closing of the Non-Brokered Financing, the Company has paid finder’s fees to an arm’s length party consisting of a cash commission equal to 6% of the gross proceeds of the Non-Brokered Financing received from the sale of Units sold to purchasers introduced to the Company by the finder.

The Company intends to use the net proceeds of the Financings to fund the continued advancement of the Company’s Stibnite Gold Project, and for working capital and general corporate purposes.

The Shares, Warrants and any Warrant Shares issued upon exercise of the Warrants are subject to a hold period of four months, and may not be traded until September 21, 2015 except as permitted by applicable securities legislation and the rules and policies of the Toronto Stock Exchange.

Certain directors, officers and employees of Midas Gold participated in the Non-Brokered Financing by purchasing an aggregate of 401,571 Units. Accordingly, the Non-Brokered Financing constituted to that extent a “related party transaction” under applicable Canadian securities laws. The Company did not file a material change report more than 21 days before the expected closing of the Non-Brokered Financing as the details of the Non-Brokered Financing and the participation therein by related parties of the Company were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons,” as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold-antimony-silver deposits in the Stibnite‐Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information in this news release includes, but is not limited to, disclosure regarding the Company’s intended use of proceeds from the Financings and the sufficiency of such proceeds to fund the Company’s activities, including the continued advancement of the Stibnite Gold Project and general working capital. Although Midas Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation, unforeseen circumstances that may cause the costs associated with the ongoing advancement of the Stibnite Gold Project to be higher than management’s expectations; fluctuations in metal prices; permitting requirements and restraints; and uncertainties related to raising sufficient financing in a timely manner and on acceptable terms. In making the statements constituting Forward-Looking Information in this news release, the Company has applied several material assumptions including, but not limited to, the assumptions that proceeds from the Financings will be spent as allocated; that required regulatory approvals will be obtained; and planned advancement of the Stibnite Gold Project will proceed as planned. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Read More
2021, 2015 Guest User 2021, 2015 Guest User

MIDAS GOLD REPORTS RESULTS OF ANNUAL GENERAL MEETING

Sustainability Report for 2014 Released in Conjunction with Meeting

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced the results of its annual general meeting, which was held in Vancouver on May 13, 2015. Following the meeting, Stephen Quin, President and CEO, provided those present with a brief overview of the Company’s progress over the past year and its plans going forward. During the meeting, Midas Gold Idaho, Inc. (“MGII”), the Company’s operating subsidiary in Idaho, released its 2014 Sustainability Report.

Annual General Meeting Voting Result

A total of 65.9 million common shares were represented at the meeting, or 46.5% of the votes attached to all outstanding shares. The Company’s shareholders voted in favour of the election of all director nominees listed in the Company’s management information proxy circular. Detailed results of the vote for the election of directors were as follows:

NomineeVotes
For
Votes
Withheld
Total
Votes Cast *
Percentage of
Votes For
Percentage of
Votes Withheld
Keith Allred58,392,93173,87858,466,80999.87%0.13%
Wayne Hubert58,422,33144,47858,466,80999.92%0.08%
Peter Nixon58,416,43150,37858,466,80999.91%0.09%
Stephen Quin58,422,13144,67858,466,80999.92%0.08%
Laurel Sayer58,398,83167,97858,466,80999.88%0.12%
John Wakeford58,426,33140,47858,466,80999.93%0.07%
Donald Young58,427,13139,67858,466,80999.93%0.07%

* Not all shares were voted in respect of all motions therefore the combined number of shares voted for or withheld may not add up to the total votes represented at the meeting.

The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.

The Company’s shareholders also approved the appointment of Deloitte LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2015 (99.91% voted in favour). Detailed voting results for the meeting are available on SEDAR at www.sedar.com.

Sustainability Reporting

In conjunction with Midas Gold’s Annual General Meeting, MGII released its 2014 Sustainability Report summarizing its efforts in respect of conservation; energy and waste reduction; health and safety; community involvement and engagement, and economic benefits. Reporting includes an assessment of Midas Gold’s performance using the internationally recognized “Towards Sustainable Mining” initiative for reporting as issued by the Mining Association of Canada. Highlights from our Stibnite Gold Project include planting more than 30,000 trees in the past four years; 100% reclamation of Midas Gold drill sites, plus an additional 8 acres of historically disturbed lands; 24 months with zero lost time or reportable safety incidents; and 36 months without a reportable spill. In respect of its contributions towards sustainability, Midas Gold established its second solar power system on site in 2014, significantly reducing fuel consumption and transportation; removed over 30 tons of scrap metal left by prior operators and recycled a third of that; and recycled more than 1,000 pounds of other materials related to its own activities and in support of local community events. During 2014, Midas Gold was actively engaged with the local communities on a number of fronts, including hosting more than 240 people on 29 different tours of the site for local residents; established a local community advisory board; appointed a majority of local directors to the board of Midas Gold Idaho, Inc.; and participated in, sponsored and supported numerous community events. Midas Gold also continued its focus on hiring locally and supporting local businesses, making a significant positive contribution to the local economy throughout the year.

A copy of the report which outlines our commitments, objectives and achievements can be downloaded here.

Read More
2021, 2015 Guest User 2021, 2015 Guest User

MIDAS GOLD ANNUAL GENERAL MEETING - WEDNESDAY, MAY 13TH AT 10:00AM

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) (“Midas Gold” or the “Company”) is pleased to announce that its Annual General Meeting of shareholders will be held at 10:00am PT this Wednesday, May 13th, 2015 in the Vancouver Room of the Metropolitan Hotel, 645 Howe Street, Vancouver, BC.

All of the directors of Midas Gold Corp. as well as the independent directors of Midas Gold Idaho, Inc., Midas Gold Corp.’s operating subsidiary in Idaho, will be attending the meeting. Following the formal business of the meeting, Stephen Quin, Midas Gold’s President and CEO will be giving a brief presentation to update the Company’s shareholders on current and future activities.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Read More
2021, 2015 Guest User 2021, 2015 Guest User

MIDAS GOLD ANNOUNCES FINANCINGS TO RAISE UP TO C$8 MILLION

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) (“Midas Gold” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of a syndicate of agents (the “Agents”), under which the Agents have agreed to sell up to 12,000,000 units of the Company (“Units”) at a price of C$0.42 per Unit on a best-efforts private placement basis, representing gross proceeds to the Company of up to C$5,040,000 (the “Brokered Financing”). The Company may concurrently complete a non-brokered private placement (the “Non-Brokered Financing” and together with the Brokered Financing, the “Financings”) on the same terms as the Brokered Financing to raise up to an additional C$3,000,000 for aggregate gross proceeds to the Company of up to C$8,040,000. Certain Directors and employees of Midas Gold plan to participate in the Non-Brokered Financing.

In addition, the Agents have been granted an over-allotment option to sell up to an additional C$1,000,000 of Units on the same terms as the Financings.

Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of C$0.60 for a period of 24 months following the closing of the Financings.

The Company intends to use the net proceeds of the Financings to fund the continued advancement of the Company’s Stibnite Gold Project, and for working capital and general corporate purposes.

Closing of the Financings is expected to be on or about May 20, 2015 and is subject to certain conditions, including but not limited to, the receipt of all necessary approvals, including the approval of the TSX, and other securities regulatory authorities as applicable.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons,” as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; and the plans for completion of the Financings, expected use of proceeds and business objectives. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Midas Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation, the risks and uncertainties related to the Financings not being completed in the event that the conditions precedent thereto are not satisfied; uncertainties related to raising sufficient financing in a timely manner and on acceptable terms. In making the forward-looking statements in this news release, Midas Gold has applied several material assumptions, including the assumptions that (1) the conditions precedent to completion of the Financings will be fulfilled so as to permit the Financings to be completed in or about May of 2015; (2) all necessary approvals and consents in respect of the Financings will be obtained in a timely manner and on acceptable terms; and (3) general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Read More
2021, 2015 Guest User 2021, 2015 Guest User

MIDAS GOLD REPORTS THAT VISTA GOLD HAS REDUCED ITS SHAREHOLDINGS TO 5.5%

Vista Gold enters into a six month Lock-up Agreement for its remaining Midas Gold Shares

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) reports that it has been notified by Vista Gold Corp. (“Vista”) that Vista has completed the sale of 8.0 million shares of Midas Gold Corp. (“Midas Gold”) held by Vista and/or its subsidiaries to certain arm’s-length parties at a price of C$0.46 per share. This transaction has reduced Vista’s shareholdings in Midas Gold from 15,802,615 shares (representing 11.2% of Midas Gold’s currently issued shares) to 7,802,615 shares (representing 5.5% of Midas Gold’s currently issued shares). As a result of this sale and the consequential change of ownership, Vista is no longer a reporting insider of Midas Gold. Midas Gold understands that all of the 8.0 million shares were fully placed with institutional and other investors on February 25, 2015, with settlement occurring on March 13, 2015. As a condition of the sale of the shares, Midas Gold understands that Vista has agreed not to sell any of its remaining shares in Midas Gold for a period of six months from closing.

“We are pleased to see eight million shares previously owned by Vista Gold placed more broadly,” said Stephen Quin, President & CEO of Midas Gold. “We appreciate the vote of confidence from our new shareholders and look forward to continuing to advance the exploration and evaluation of our Stibnite Gold Project.”

Midas Gold currently has 141,705,090 shares issued and outstanding; the completion of this transaction does not affect the number of shares issued and outstanding.

About Midas Gold and the Stibnite Gold Project

Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold-antimony-silver deposits in the Stibnite‐Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understands”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Midas Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, Midas has applied several material assumptions, including the assumption that Vista will comply with its obligation not to sell its remaining shares in Midas Gold for a period of 6 months. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Read More