MIDNIGHT SUN MINING CORP. ("MMA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 26, 2015, November 4, 2015 and January 29, 2016:
Number of Shares: 6,901,250 shares
Purchase Price: $0.10 per share
Warrants: 6,901,250 share purchase warrants to purchase 6,901,250 shares
Warrant Exercise Price: $0.20 for a two year period
Number of Placees: 20 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Matthew MacKenzie Y 200,000
Tom Ye Y 370,000
Allan Fabbro Y 1,000,000
Finder's Fee: Canaccord Genuity Corp. $13,500 cash and 134,000 warrants payable. Each warrant is exercisable into one share at $0.20 for two years from closing.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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