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Friday, July 2, 2010

Midway Gold (AMEX:MDW) COO Acquires 19,000 Shares in Company

Several executives at Midway Gold (AMEX:MDW) have been buying up large swaths of the stock since early April, and the latest to invest is COO and President Kenneth Arnold Brunk, who acquired 19,000 shares on June 28. He paid $0.53 a share.

Owner Matthew Sheerin and director Roger Newell were the others to buy shares, with Newell acquiring 100,000 shares on April 9 of 2010.

Sheerin has acquired well over 400,000 shares from April 12 through June 10.

With most gold miners plunging on Thursday, Midway actually enjoyed moving upwards, gaining $0.04, or 8.70 percent. The stock closed at $0.50.

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