07:29:56 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Midway Gold Corp
Symbol MDW
Shares Issued 180,223,767
Close 2015-05-25 C$ 0.13
Market Cap C$ 23,429,090
Recent Sedar Documents

Midway Gold receives notice of default from lender

2015-05-26 07:38 ET - News Release

Ms. Jaime Wells reports

MIDWAY GOLD PROVIDES CORPORATE UPDATE

Midway Gold Corp. remains in active discussions with its senior lender regarding strategic partnerships, asset sale opportunities and debt refinancing opportunities. As previously disclosed, the terms of a waiver with regard to the senior debt have lapsed and the company remains in discussions to obtain additional waivers. The company's senior lender has provided the company with a notice alleging an event of default based on the non-monetary conditions which were previously waived. The notice does not invoke or demand any specific remedies but states that it reserves all rights. Midway believes the notice is intended to document the conditions as viewed by senior lender and, while there can be no assurances, the company will continue working toward maximizing value for its stakeholders by pursuing strategic alternatives.

We seek Safe Harbor.

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