Vancouver, October 24, 2019 - Midnight Sun Mining Corp. (TSXV: MMA) (the "Company" or "Midnight Sun") is pleased to report that the Company's earned 60% ownership of the Solwezi Licences has officially been transferred and registered in Zambia with the Patents and Companies Registration Agency.
The licenses are held by a Zambian registered company, Zambian High Light Mining Investment Ltd., of which Midnight Sun is now a 60% shareholder through the Company's wholly owned subsidiary, Midnight Sun (BVI) Two Corp.
The Solwezi Licences are comprised of two individual exploration licences totalling 506 square kilometres, situated in the North-Western Province of Zambia, adjacent to First Quantum's Kansanshi Mine; Africa's largest copper mining complex, on the prolific Zambia-Congo Copper Belt.
Warrant Amendment
The Company intends to extend the expiry date of certain outstanding common share purchase warrants issued pursuant to a private placement offering of the Company. The amendment of the expiry date is subject to TSXV approval.
Number of Warrants
Price
Original Expiry
New Expiration Date
4,458,000
$0.20
Oct. 31, 2019
Oct. 31, 2020
2,575,000
$0.20
Nov. 30, 2019
Nov. 30, 2020
1,301,000
$0.20
Dec. 18, 2019
Dec. 18, 2020
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro - Lead Director & Acting Chief Executive Officer
For Further Information Contact:
Al Fabbro Lead Director Tel: +1 604 351 8850
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49071
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