04:25 PM EST - Midway Gold Corp. : said Thursday it proposes to raise up to $2.75 million by way of a non-brokered private placement through the issuance of up to 12.5 million units at a price of $0.22 per unit, such price being the closing price of the Company's common shares on October 22. The proceeds of the financing will be used to fund the company's ongoing programs on its mineral exploration projects and to pay down debt. Midway Gold Corp.
shares V.MDW are trading down 2.27 percent at $0.22.
