Midway Executes Asset Purchase agreement for the Sale of its 30% Interest In Spring ValleyMidway Executes Asset Purchase Agreement • December 3rd, 2015 • Midway Gold Corp • Gold and silver ores
DENVER, CO – December 1, 2015– Midway Gold Corp.’s subsidiaries, Midway Gold US Inc. and Nevada Talon, LLC (collectively, the “Company” or “Midway”), executed an asset purchase agreement (the “Asset Purchase Agreement”) to sell its 30% interest in the Spring Valley project and certain other assets to Solidus Resources, LLC, an indirect, wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP (“Waterton”), for US$25 million. As announced on November 12, 2015, the parties previously reached an agreement in principle for the sale of the Company’s 30% interest in the Spring Valley project and Waterton also announced that it will be acquiring the remaining 70% interest in the Spring Valley project from Barrick Gold Exploration Inc. in a separate transaction. The parties have executed the Asset Purchase Agreement to finalize the terms and conditions of the sale, which is subject to approval by the United States Bankruptcy Court for the District of Colorado (the “Court”), where
