Midasco Capital Corp. (TSXV:MGC.H) announced a non-brokered private placement of 2,500,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 250,000 on April 15, 2021. The transaction will include participation from accredited investors. Each unit will consist of one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.15 per share for a period of 12 months from the date of closing. In the event that the closing price of the company's common shares is at or above CAD 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 transaction is subject to regulatory approval. All securities to be issued in the transaction will be subject to a four-month statutory hold period.