Right you are!Here is the extract.....Potential Acquisition...

Right you are!

Here is the extract.....

Potential Acquisition Terms:

The Company has entered into a binding Heads of Agreement pursuant to which DiscovEx Resources Limited (ASX: DCX) has granted the Company an option to acquire the Newington Project which comprises of five Exploration Licences (100% interest), five Exploration Licences (51% interest with right to earn up to 80%),
and two Mining Leases (70%) (Option Agreement).

• Material Terms and Conditions of the Option Agreement are as follows:

 Midas will pay $30,000 for a 90 day option commencing on 1 April 2022;

 During the Option period, Midas intends to conduct due diligence on the Newington Project;

 Consideration is payable within 5 business days of exercise of the Option of $70,000 cash and 2,693,639 Midas shares. The consideration shares will be issued without shareholder
approval using the Company’s placement capacity under Listing Rule 7.1;

 Exercise of the Option is subject to customary conditions precedent including due diligence and obtaining any necessary third-party consents; and

 Standard representations and warranties.

Funding for exploration activities on the acquired projects will come from Midas’s existing cash reserves included in future acquisition costs and working capital in the Company’s Replacement Prospectus dated 3 September 2021.