09:51 AM EST - Midway Gold Corp. : said that it is now funded with the closing of the offering of $6.6 million announced on June 16 to more aggressively pursue its plans to advance the company's 100%-owned Pan gold resource located in White Pine County, Nevada through the steps to production by as early as 2013. Midway said it expects to spend approximately $3.25 million over the next 12 months on programs including a scoping study, development drilling, an environmental impact study, metallurgical testing, waste rock characterization, water rights and base line studies. Midway Gold Corp.
shares V.MDW are trading even at $0.58.
