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MDW > SEC Filings for MDW > Form 8-K on 21-Aug-2014All Recent SEC Filings

Show all filings for MIDWAY GOLD CORP

Form 8-K for MIDWAY GOLD CORP


21-Aug-2014

Entry into a Material Definitive Agreement


Item 1.01 Entry Into a Material Definitive Agreement.

On August 18, 2014, Midway Gold Corp. (the "Registrant") approved Indemnification Agreements (each, an "Indemnification Agreement" and collectively, the "Indemnification Agreements") with each of the Registrant's directors and officers (each, an "Eligible Party").

The Indemnification Agreements provide, among other things, that each Eligible Party shall be indemnified to the fullest extent permitted by applicable law against all expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such Eligible Party in connection with any proceeding by reason of his or her relationship with the Registrant. In addition, the Indemnification Agreements provide for the advancement of expenses incurred by such Eligible Party in connection with any proceeding covered by the Indemnification Agreements, subject to the conditions set forth therein and to the extent such advancement is not prohibited by law. The Indemnification Agreements also sets out the procedures for determining entitlement to indemnification, the requirements relating to notice and defense of claims for which indemnification is sought, the procedures for enforcement of indemnification rights and the limitations on and exclusions from indemnification, and the minimum levels of directors' and officers' liability insurance to be maintained by the Registrant.

The foregoing description of the Indemnification Agreements is a summary of the material terms thereof and is qualified in its entirety by the complete text of the form of the Indemnification Agreement, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01. Exhibits.

Exhibit Description

10.1 Form of Indemnification Agreement


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