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Paulson becomes largest Midas shareholder

Paulson & Co, a hedge fund run by legendary investor John Paulson, will exercise some C$82.1 million-worth of convertible notes to take a 44.1% stake in Midas Gold, which is looking to develop the Stibnite gold project in Idaho, USA.

Paulson becomes largest Midas shareholder Paulson becomes largest Midas shareholder Paulson becomes largest Midas shareholder Paulson becomes largest Midas shareholder Paulson becomes largest Midas shareholder

Stibnite in Idaho, USA

Paulson purchased the notes in two separate financings in March 2016 and March 2020 and they will convert into 199.7 million shares.