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MIDAS MINERALS LTD — Capital/Financing Update 2022
Jan 24, 2022
65345_rns_2022-01-24_918b9d4a-bb97-4c16-9f5f-85d225b2ac61.pdf
Capital/Financing Update
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ASX / MEDIA ANNOUNCEMENT Tuesday, 25 January 2022
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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 | 240,000 | 1 February 2022 |
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 Company's issued capital as a result of the above.
Appendix 1 sets out the remaining securities which are subject to escrow in the Company.
ENDS
The Board of Midas Minerals Ltd authorised this release.
For more information:
Nick Katris
Nathan Ryan
Executive Director Media / Investor Relations E: [email protected] E: [email protected]
About Midas
Midas Minerals is a junior mineral exploration company listed on the ASX on 7 September 2021. Midas is based in Western Australia, targeting economic mineral deposits.
Midas' primary focus is gold; however, our projects are prospective for nickel, platinoids, copper, nickel, base metals, silver and lithium.
The Company has three projects located in the Leinster, Leonora, and Mt Magnet areas of Western Australia. Midas' projects, Weebo, Challa and Sunset, have prospective areas that remain essentially unexplored due to prior fragmented or private ownership. All projects are proximal to infrastructure and within 60km of mining towns and processing plants.
Midas' Board and management have extensive experience in mineral discovery and a proven track record of significant gold discoveries and mine development.
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:
| The Company confirms the following securities remain subject to restriction pursuant to the ASX Listing Rules | The Company confirms the following securities remain subject to restriction pursuant to the ASX Listing Rules | The Company confirms the following securities remain subject to restriction pursuant to the ASX Listing Rules | 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 | |
| 24 months from the date of | |||
| Shares | 9,539,009 | official quotation | |
| Options with an exercise price of$025 each and expiring 3 ears | 3000000 | 24 months from the date of | |
| . yfrom Admission | ,, | official 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 | |
| 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