|By Marketwired .||
|January 27, 2014 08:11 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/27/14 -- Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX VENTURE: MMA) announces that it has granted stock options to purchase an aggregate of 550,000 common shares of the Company, at an exercise price of $0.25 per share. The stock options were granted pursuant to the Company's 10% rolling stock option plan, are fully vested upon issuance, and shall expire 5 years from the date of issue. Stock options were granted to a director, and certain officers, employees and consultants of Midnight Sun.
About Midnight Sun: Midnight Sun is a mineral exploration company with an African focus. The Company has entered into a definitive agreement to option a 60% interest in the Solwezi Licences in Zambia. This option agreement is a part of an ongoing strategic alliance with Kam Chuen Resource Holdings Ltd. Kam Chuen holds an exclusive prospecting license portfolio of over 150 exploration permits covering over 100,000 km2 in five African countries. As a result of this Strategic Alliance, Kam Chuen has agreed to provide Midnight Sun with full access to its portfolio, as well as first right of refusal regarding the optioning of any of Kam Chuen's exploration licenses. In exchange, Midnight Sun has agreed to offer Kam Chuen technical expertise in the management and selection of properties.
ON BEHALF OF THE BOARD
Robert Sibthorpe B.Sc.(Geology), M.B.A., President & CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Midnight Sun Mining Corp.