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MIDAS MINERALS LTD — Capital/Financing Update 2022
Apr 4, 2022
65345_rns_2022-04-04_7fa06f22-fba6-4851-86e1-dddead397d66.pdf
Capital/Financing Update
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ASX / MEDIA ANNOUNCEMENT Tuesday, 5 April 2022
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Notification of Release of Options from Escrow
Midas Minerals Ltd ( " Midas ", or " the Company ") (ASX: MM1) advises that in accordance with ASX Listing Rule 3.10A, the following unquoted options have been released from escrow:
| ASX Code | Security Description | Number | Date of release |
|---|---|---|---|
| MM1AF | Options with an exercise price of $0.20 eachand expiring on 29 March 2024. | 200,000 | 29 March 2022 |
Appendix 1 sets out the remaining securities which are subject to escrow in the Company.
ENDS
The announcement is authorised for release by Nick Katris, Executive Director.
For more information:
Nick Katris Executive Director E: [email protected]
Nathan Ryan
Media / Investor Relations
Midas Minerals Limited | Ground Floor, 24 Outram St, West Perth WA 6005 P: +61 8 6383 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 of official quotationbeing 7 September 2023. |
| Options with an exercise price of$0.25 each and expiring 3 yearsfrom Admission | 3,000,000 | 24 months from the date of official quotationbeing 7 September 2023. |
| Options with an exercise price of$0.20 each and expiring on 29March 2024 | 400,000 | 24 months from the date of official quotationbeing 7 September 2023. |
There are no securities subject to voluntary escrow.
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ASX:MM1