Midnight Sun Mining Corp. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.22 per unit for gross proceeds of CAD 3,300,000 on April 25, 2024. Each unit will consist of one common share in the capital of the company and one common share purchase warrant.

Each warrant will entitle the holder to purchase one common share of the company for a period of thirty-six months from the closing of the Offering at an exercise price of CAD 0.33. The Offering, including the future issuance of the Common Shares and Warrants, is subject to the final approval of the TSX Venture Exchange. All securities issued will be subject to a hold period of four months and one day pursuant to applicable securities laws.