29 Jan 2009director interest notice● Neutral
George T Hawes became a Midway Gold Corp director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Jan 2009director interest notice● Neutral
Wolfus Daniel E became a Midway Gold Corp director and company insider (initial ownership filing).
21 Jan 2009director interest notice● Neutral
Midway Gold Corp director Wolfus Daniel E received a stock option grant for 200,000 shares.
14 Jan 2009director interest notice● Neutral
Yu Frank became a Midway Gold Corp director and company insider (initial ownership filing).
14 Jan 2009director interest notice● Neutral
Midway Gold Corp director Yu Frank received a stock option grant for 200,000 shares.
9 Jan 2009director interest notice● Neutral
Midway Gold Corp director George T Hawes bought 200,000 shares on the open market at $0.00.
8 Dec 2008director interest notice● Neutral
Matthew Sheerin became a Midway Gold Corp 10%+ owner and company insider (initial ownership filing).
8 Dec 2008substantial holder notice● Neutral
SHEERIN, MATTHEW disclosed a new substantial Midway Gold Corp shareholding (10.37% of votes).
24 Nov 2008substantial holder notice● Neutral
George T. Hawes disclosed a new substantial Midway Gold Corp shareholding (11.90% of votes).
24 Nov 2008substantial holder notice● Neutral
George T. Hawes disclosed a new substantial Midway Gold Corp shareholding (11.90% of votes).
24 Nov 2008business combination▼ BadMajor
Midway closed a private placement of 12,500,000 units at C$0.22, for gross proceeds of $2,750,000, each unit with a six-month warrant at $0.28. The filing also confirms the Golden Predator deal lapsed on September 15, 2008. Golden Predator had advanced $2 million of the $5 million loan; on November 12 the two sides released each other, Midway agreed to repay $1,000,000 plus interest early, and 50% of the warrant proceeds will go toward the remaining $1,000,000 note, which otherwise matures July 16, 2009. The C$0.22 price is far below the C$2.00 and US$2.50 prices earlier in 2008 (an observation from the figures, not stated in the filing).
14 Nov 2008director interest notice● Neutral
Midway Gold Corp director George T Hawes bought 4,500,000 shares on the open market.
23 Oct 2008material agreement▲ GoodMajor
Midway signed a term sheet with Barrick Gold Exploration, a Barrick subsidiary, to option its Spring Valley project: Barrick can earn 60% by spending US$30 million over five years, and up to 70% with a further US$8 million. Barrick must spend US$4 million by December 31, 2009 and can terminate after meeting the first year's commitment. This is a term sheet, not a final agreement, and builds on Barrick's existing shareholding and Spring Valley funding.
7 Oct 2008director interest notice● Neutral
Midway Gold Corp director Mcalister Brian John gifted 91,000 shares.
2 Oct 2008business combination● NeutralMajor
Midway said the proposed business combination with Golden Predator Mines will not go ahead; the term sheet (amended August 15) was allowed to lapse on September 15, 2008. This ends the July 17 combination proposal, including the planned dividend warrants.
19 Sept 2008director interest notice● Neutral
Midway Gold Corp director George T Hawes bought 16,300 shares on the open market at $0.79.
8 Aug 2008asset acquisition disposition▲ GoodMajor
Midway completed its purchase of 100% of the Golden Eagle property in Washington on August 1, 2008, paying a combined US$1,983,333 to Kinross and Hecla; Kinross keeps a 2% royalty and a first right to toll mill ore. It was funded by selling 600,000 shares to Kinross at US$2.50 (US$1.5 million). This completes the Golden Eagle letters of intent from May and June. Separately, director William Lupien resigned on July 29, 2008 for personal reasons, with no dispute stated.
25 July 2008director interest notice● Neutral
Midway Gold Corp Vice President Harris Donald Alan received a stock option grant for 50,000 shares.
24 July 2008director interest notice● Neutral
Midway Gold Corp director George T Hawes bought 305,000 shares on the open market.
18 July 2008material agreement▲ Good
Midway's Nevada subsidiary agreed on June 25, 2008 to pay US$596,833.97 plus daily interest to buy the promissory notes, deeds of trust and lawsuit claims tied to a disputed property covering about 4% of the Spring Valley project. This follows a June 5, 2008 Nevada court order validating Midway's claim to that property, and the filing describes it as settling the title dispute.
18 July 2008business combination● NeutralMajor
Midway and Golden Predator Mines signed a non-final term sheet for a business combination in which Golden Predator shareholders would get one Midway share per Golden Predator share, and Midway would be renamed Golden Predator Mines. Golden Predator holders would own about 53% of the combined company, Midway shareholders would receive one dividend warrant per share (exercisable at $2.05 for 18 months), and Golden Predator would lend Midway $5 million. Midway also planned to spin off 80.1% of a new subsidiary holding Golden Eagle to its shareholders; the deal still needed a definitive agreement and approvals, and a $2.5 million break fee was contemplated.
18 June 2008capital raising announcement▲ GoodMajor
Midway closed the private placement announced May 16, issuing 1,421,500 shares at Cdn$2.00 for gross proceeds of Cdn$2,843,000. Barrick Gold bought 1,000,000 of them, raising its stake to 10.7%, with its money directed to drilling at Spring Valley. Midway says it has about $5.7 million in cash afterwards and that the pending Golden Eagle (Washington) acquisition should hopefully close by end of August.
16 May 2008capital raising announcement● Neutral
Midway Gold announced a brokered private placement (a share sale to selected investors). The filing gives no size or price; the details are only in the attached press release.
27 Feb 2008director interest notice● Neutral
Midway Gold Corp director William M Sheriff bought 40,500 shares on the open market.
27 Feb 2008director interest notice● Neutral
Midway Gold Corp director William M Sheriff bought 104,700 shares on the open market.
15 Feb 2008director interest notice● Neutral
Midway Gold Corp Chief Executive Officer Branham Alan David exercised stock options for 20,000 shares and disposed of 20,000 shares.
11 Feb 2008substantial holder notice● Neutral
Gilder, Gagnon, Howe & Co. LLC disclosed a new substantial Midway Gold Corp shareholding (6.90% of votes).
8 Feb 2008director interest notice● Neutral
Midway Gold Corp Chief Executive Officer Branham Alan David sold 19,000 shares.
8 Feb 2008substantial holder notice● Neutral
HEARTLAND ADVISORS, INC. #, WILLIAM J. NASGOVITZ disclosed a new substantial Midway Gold Corp shareholding (5.00% of votes).
6 Feb 2008director interest notice● Neutral
Midway Gold Corp CEO Branham Alan David exercised stock options for 97,000 shares and disposed of 48,700 shares.