Midasco Capital Corp. (TSXV:MGC.H) announced a non-brokered private placement of up to 2,500,000 units at CAD 0.06 per unit for gross proceeds of up to CAD 150,000 on March 15, 2017. Each unit will comprise of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at CAD 0.06 per share for a period of three years. Certain insiders of the company will participate in the transaction. The securities to be issued are subject to a hold period of four-month. The transaction is subject to the acceptance of the TSX Venture Exchange. The Company will pay any finder's fees in connection with the transaction.