Received by email:

File: '\\doc\emailin\20210415 113207 Attachment MGC NR April 15 2021 Final.docx'



  

  
12216 Boundary Drive North, Surrey, BC, Canada V3Z 1Z5
Phone: 604-503-0986 Email:wcpettigrew@me.com



April 15, 2021        NEWS RELEASE

FINANCING AND DEBT CONVERSION

Vancouver, B.C. - Midasco Capital Corp. (the "Company") (TSX-V Symbol: MGC.H) wishes to announce that due to unforesee
--->n circumstances beyond its control the Company was unable to complete the previously announced Non-brokered Private Pl
--->acement and Debt Settlement agreement (March 1, 2021 News Release) within the required time frame under TSX-V policies
--->.

The Company however, intends to issue by way of a non-brokered private placement to accredited investors, up to 2,500,
--->000 Units of the Company at a price of $0.10 per Unit. Each Unit will consist of one common share and one common share
---> purchase warrant. Each purchase warrant will entitle the holder to purchase one additional common share at a price of
---> $0.15 per share for a period of 12 months from the closing of the transaction. Following the completion of the transa
--->ction, in the event that the closing price of the Company's common shares is at or above $0.40 per share for a period 
--->of 10 consecutive trading dates, the Company will have the option to provide notice to the warrant holders to accelera
--->te the expiry date of the warrants to a date that is 30 days following the date of such notice provided. The net proce
--->eds of the private placement will be used to evaluate and perform due diligence on various business opportunities in a
--->ll market sectors and for general corporate and working capital purposes. 

The Company also intends to enter into debt settlement agreements with a number of its creditors to settle in full app
--->roximately $169,500 in outstanding debt in exchange for approximately 1,695,000 common shares at a price of $0.10 per 
--->common share.

Both the debt settlement and the private placement are subject to regulatory approval.  All securities issued hereunde
--->r will be subject to a four-month statutory hold period.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, whic
--->h are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward 
--->looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" a
--->nd similar expressions. The Company cautions readers that forward-looking statements, including without limitation tho
--->se relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties 
--->that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers a
--->re advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forw
--->ard-looking statements.  Any forward-looking statements are made as of the date of this news release, and the Company 
--->assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.

We seek Safe Harbor.

On behalf of the Board,
William Pettigrew, CEO



"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
---> TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PDF Document

File: Attachment MGC NR April 15 2021 Final.pdf

April 15, 2021                                                            NEWS RELEASE

                                   FINANCING AND DEBT CONVERSION

Vancouver, B.C.   Midasco Capital Corp. (the "Company") (TSX-V Symbol: MGC.H) wishes to announce
that due to unforeseen circumstances beyond its control the Company was unable to complete the
previously announced Non-brokered Private Placement and Debt Settlement agreement (March 1, 2021
News Release) within the required time frame under TSX-V policies.

The Company however, intends to issue by way of a non-brokered private placement to accredited
investors, up to 2,500,000 Units of the Company at a price of $0.10 per Unit. Each Unit will consist of one
common share and one common share purchase warrant. Each purchase warrant will entitle the holder
to purchase one additional common share at a price of $0.15 per share for a period of 12 months from
the closing of the transaction. Following the completion of the transaction, in the event that the closing
price of the Company's common shares is at or above $0.40 per share for a period of 10 consecutive
trading dates, the Company will have the option to provide notice to the warrant holders to accelerate
the expiry date of the warrants to a date that is 30 days following the date of such notice provided. The
net proceeds of the private placement will be used to evaluate and perform due diligence on various
business opportunities in all market sectors and for general corporate and working capital purposes.

The Company also intends to enter into debt settlement agreements with a number of its creditors to
settle in full approximately $169,500 in outstanding debt in exchange for approximately 1,695,000
common shares at a price of $0.10 per common share.

Both the debt settlement and the private placement are subject to regulatory approval. All securities
issued hereunder will be subject to a four-month statutory hold period.

Statements included in this announcement, including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-
looking statements". Forward looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that
forward-looking statements, including without limitation those relating to the Company's future
operations and business prospects, are subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the forward-looking statements. Readers are advised
to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on
forward-looking statements. Any forward-looking statements are made as of the date of this news
release, and the Company assumes no obligation to update the forward-looking statements, except in
accordance with the applicable laws.

We seek Safe Harbor.

On behalf of the Board,
William Pettigrew, CEO



                          12216 Boundary Drive North, Surrey, BC, Canada V3Z 1Z5
                             Phone: 604-503-0986 Email:wcpettigrew@me.com
 "Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




                        12216 Boundary Drive North, Surrey, BC, Canada V3Z 1Z5
                           Phone: 604-503-0986 Email:wcpettigrew@me.com