Midasco Capital Corp. (TSXV:MGC.H) announced a non-brokered private placement of 2,500,000 units at a price of CAD 0.10 each for gross proceeds of CAD 250,000 on March 1, 2021. The transaction will include participation from accredited investors. 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 CAD 0.15 per share for a period of 12 months from the closing of the transaction. All securities issued will be subject to a four-month statutory hold period. 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.