Vancouver, Canada – TheNewswire - July 22, 2025 – Midasco Capital Corp. (“Midasco” or the “Company”) (TSX-V: MGC-H) is pleased to announce that the TSX Venture Exchange (the “Exchange”) has provided conditional acceptance for Midasco’s previously announced arm’s length acquisition of the shares in Spartan Exploration Nevada Corporation, a wholly owned subsidiary of Ridgeline Minerals Corp. (TSX-V: RDG) (the “Proposed Transaction”) and the Company’s concurrent reactivation of its listing to become a Tier 2 mining issuer on the TSXV (the “Reactivation”).

 

Concurrently with the closing of the Proposed Transaction, it is anticipated that Midasco will change its name to “Spartan Metals Corp.” and change its ticker symbol to “W”. The Proposed Transaction is expected to close in July 2025.  The Proposed Transaction, Reactivation and name and ticker change remain subject to final Exchange acceptance.

 

The Company is also pleased to announce its intention to appoint Kosta Tsoutsis to its Board of Directors. Mr. Tsoutsis brings over 20 years of finance and capital market experience. Mr. Tsoutsis is the Chief Executive Officer and a Director of M3 Metals Corp. (TSXV: MT), a lithium exploration and development company with assets in Nevada and California and formerly worked as an investment advisor at Mackie Research, Jordan Capital Markets, and Canaccord Capital Corp.  Mr. Tsoutsis’ appointment is subject to Exchange acceptance.

On behalf of the Board of Midasco
“William Pettigrew”
CEO

 

Further Information:

William Pettigrew

Chief Executive Officer

Midasco Capital Corp.

+1 604-313-8585

wcpettigrew@gmail.com

 

Cautionary Note regarding Forward Looking Statements

 

Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation. Forward-Looking Information includes, but is not limited to, the completion of the Proposed Transaction, the Reactivation, the Company’s name and ticker change, and the timing thereof, the appointment of M. Tsoutsis as a director of the Company, and all other statements that are not historical in nature. The words “potential”, “anticipate”, “meaningful”, “discovery”, “forecast”, “believe”, “estimate”, “expect”, “may”, “will”, “project”, “plan”, “historical”, “historic” and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by the Forward-Looking Information. In preparing the Forward-Looking Information in this news release, Midasco has applied several material assumptions, including, but not limited to, assumptions that Exchange approval for the Proposed Transaction and the Reactivation will be granted in a timely manner; the Company’s corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Midasco to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, risks related to dependence on key personnel; risks related to unforeseen delays; risks related to historical data that has not been verified by the Company; as well as those factors discussed in Midasco’s public disclosure record. Although Midasco has attempted to identify important factors that could affect them and may cause actual actions, events, or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midasco assumes any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release