Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) has increased its non-brokered private placement to $4.4 million due to strong investor interest, according to a statement.
It plans to sell up to 20 million units at $0.22 each, comprising one common share and one warrant. The warrants allow purchase of additional shares at $0.33 within 36 months.
Proceeds will fund exploration in Zambia and general operations. Red Cloud Securities Inc. assists in the placement.