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EX-99.1 - EX-99.1 - Midway Gold Corpc009-20151218ex9912a7f3f.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 

_________________

FORM 8-K 

CURRENT REPORT 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report: December 17, 2015

(Date of earliest event reported)

MIDWAY GOLD CORP.
(Exact Name of Registrant as Specified in Charter)

 

 

 

British Columbia, Canada
(State or Other Jurisdiction of Incorporation)

001-33894
(Commission File Number)

98-0459178
(IRS Employer Identification No.)

 

 

 

 

Point at Inverness, Suite 280
8310 South Valley Highway
Englewood, Colorado

(Address of principal executive offices)

80112

(Zip Code)

 

Registrant’s telephone number, including area code:   (720) 979-0900

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

   

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


   

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


   

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


   

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 

 

 


 

 

 

Item 1.01. Entry into Material Definitive Agreement.

 

On December 17, 2015, Midway Gold Corp.’s (the “Company” or “our”), subsidiaries, Midway Gold US Inc. (“Midway”) and Nevada Talon LLC (“Talon,” and together with Midway, the “Sellers”) closed its transaction to sell Midway’s 30% undivided interest in its Spring Valley joint venture (the “Spring Valley Project”) with Barrick Gold Exploration, Inc. (“Barrick”), and certain related property owned by Sellers (collectively, the “Spring Valley Property”), to Solidus Resources, LLC (“Solidus) by private sale for US$25 million on the terms set forth in the Asset Purchase Agreement (“APA”) between Sellers and Solidus.    Sellers filed Motion for Entry of an Order (A) Authorizing the Private Sale of the Spring Valley Property Free and Clear of Liens, Claims, and Interests Pursuant to Sections 363(b) &  (f) of the Bankruptcy Code, (B) Approving the Asset Purchase Agreement with Solidus Resources, LLC, (C) Approving the Assumption and Assignment of Executory Contracts and Unexpired Leases, and (D) Granting Related Relief (the “Motion”) with United States Bankruptcy Court for the District of Colorado (the “Court”), in In re Midway Gold US Inc., et al, Case No. 15-16835 MER (the “Bankruptcy Case”), seeking approval of the transaction.  The Court entered an order approving the Motion on December 15, 2015.  The material terms of the APA are described in Item 1.01 of the Company’s Form 8-K filed on December 3, 2015 and are incorporated herein by reference.

The Docket related to the Bankruptcy Case, including the Motion, Court order approving the Motion, and all notices and documentation related to the Bankruptcy Case are available to the public at http://dm.epiq11.com/MGC/Docket.

 

Item 7.01. Regulation FD Disclosure.

On December 17, 2015, the Company issued the press release announcing that the Company’s subsidiaries completed the sale of their 30% interest in Spring Valley.  In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release attached hereto is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.  The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

 

 


 

Item 9.01. Exhibits.

 

 

 

7

Exhibit

Description

99.1*

Press Release, Dated December 17, 2015

 

*The exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

  

MIDWAY GOLD CORP.

  

 

  

  

 

  

  

 

  

DATE:  December 18, 2015

By:

/s/William M. Zisch

 

 

William M. Zisch
President & Chief Executive Officer

  

 

 

 

 


 

EXHIBIT INDEX

 

 

 

Exhibit

Description

99.1*

Press Release, Dated December 17, 2015

*The exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.