- Closing of a unit offering in Canada and the United States for aggregate gross proceeds of US$15,694,799 through the issue of 12,261,562 units at a price of US$1.28 per unit. Each unit consists of one common share and one-half of one common share purchase warrant (please refer to our press release dated July 6, 2012 for further details).
- First quarter drill results from the Spring Valley Project including 136 meters of 0.75 grams per tonne (gpt) gold in hole SV11-516c, 61 meters of 1.03 gpt gold in SV12-562, and 108 meters of 0.93 gpt gold in SV12-564 (please refer to our press release dated June 12, 2012 for further details).
- Mr. Kenneth A. Brunk appointed as Chairman and CEO of Midway (please refer to our press release dated May 12, 2012).
|June 30, 2012||December 31, 2011|
|Cash and cash equivalents||$||3,672,050||$||10,191,069||(1||)|
|Total liabilities and shareholders’ equity||$||59,022,038||$||62,571,952|