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MIDAS MINERALS LTD — Capital/Financing Update 2021
Nov 3, 2021
65345_rns_2021-11-03_e3240f62-d48b-446d-b02e-5db03eb4eb1a.pdf
Capital/Financing Update
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ASX / MEDIA ANNOUNCEMENT Thursday 4 November 2021
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RELEASE FROM ESCROW
Midas Minerals Ltd ( “ Midas ”, or “ the Company ”) (ASX: MM1) advises that in accordance with ASX Listing Rule 3.10A, the following fully paid ordinary shares (Shares) will be released from escrow:
| Class | Number | Date of release |
|---|---|---|
| Shares | 200,000 | 11 November 2021 |
The Company will apply for quotation via Appendix 2A on the above Shares no later than 5 days after the date of release. There will be no change to the issued capital of the Company as a result of the above.
Appendix 1 sets out the remaining securities which are subject to escrow in the Company.
ENDS
This release was authorised by the Board of Midas Minerals Ltd.
For more information:
Nick Katris
Nathan Ryan
Executive Director Media / Investor Relations E: [email protected] E: [email protected]
About Midas
Midas Minerals, which recently listed on the ASX, is a junior mineral exploration company based in Western Australia. The Board and management have an extensive experience and proven track record of significant gold discoveries and mine development.
The Company listed on the ASX on 7 September and is well funded, targeting exploration success resulting in the discovery of economic mineral deposits. The Company has three projects located in the Leinster, Leonora, and Mt Magnet areas of WA.
Midas Minerals Limited | Ground Floor, 24 Outram St, West Perth WA 6005 P: +61 8 6283 6595 | E: [email protected] www.midasminerals.com
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Appendix 1
The Company confirms the following securities remain subject to restriction pursuant to the ASX Listing Rules for the period outlined below:
| Class | Number | Restriction Period Ends |
|---|---|---|
| Shares | 9,539,009 | 24 months from the date ofofficial quotation |
| Options with an exercise price of$0.25 each and expiring 3 yearsfrom Admission | 3,000,000 | 24 months from the date ofofficial quotation |
| Options with an exercise price of$0.20 each and expiring on 29March 2024 | 400,000 | 24 months from the date ofofficial quotation |
| Shares | 1,000,000 | Escrowed until 29 March 2022,being 12 months from the dateon which the restricted securitieswere issued |
| Shares | 240,000 | Escrowed until 1 February 2022,being 12 months from the dateon which the restricted securitieswere issued |
| Options with an exercise price of$0.20 each and expiring on 29March 2024 | 200,000 | Escrowed until 29 March 2022,being 12 months from the dateon which the restricted securitieswere issued |
There are no securities subject to voluntary escrow.
2
ASX:MM1