Midland Exploration Completes a $1.35 Million Private Placement
19 Dezembro 2013 - 7:15PM
Marketwired
Midland Exploration Completes a $1.35 Million Private Placement
MONTREAL, QUEBEC--(Marketwired - Dec 19, 2013) - Midland
Exploration Inc. ("Midland") (TSX-VENTURE:MD) is pleased to
announce that it has completed a private placement by issuing a
total of 802,001 units at a price of $0.75 per unit and 833,286
flow-through shares at $0.90 per share, for total gross proceeds to
Midland of $1,351,460 (the "Offering"). The securities issued in
the private placement are subject to a four-month hold period
expiring on April 20, 2013.
Each unit will be comprised of one common share and one-half of
a common share purchase warrant. Each whole common share purchase
warrant will entitle the holder to purchase one common share of
Midland at a price of $1.00 until June 19, 2015.
Midland will use the private placement proceeds to fund its
exploration plan and for general corporate purposes.
As a result of the private placement, there are 30,306,512
common shares of Midland issued and outstanding.
The Offering was carried on a private placement basis pursuant
to prospectus exemptions of applicable securities laws and is
subject to final acceptance by the TSX Venture Exchange. A finder's
fee equal to $10,169, was paid to arm's length third parties of
Midland.
About Midland
Midland targets the excellent mineral potential of Quebec to
make the discovery of new world-class deposits of gold, PGE, base
metals and rare earth elements. Midland is proud to count on
reputable partners such as Teck Resources Limited, Agnico Eagle
Mines Limited, Maudore Minerals Limited, Donner Metals Limited,
Japan Oil, Gas and Metals National Corporation and SOQUEM Inc.
Midland prefers to work in partnership and intends to quickly
conclude additional agreements in regard to newly acquired
properties. Management is currently reviewing other opportunities
and projects to build up the Company portfolio and generate
shareholder value.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release may contain forward-looking statements
that are subject to known and unknown risks and uncertainties that
could cause actual results to vary materially from targeted
results. Such risks and uncertainties include those described in
Midland's periodic reports including the annual report or in the
filings made by Midland from time to time with securities
regulatory authorities those described in Midland's periodic
reports including the annual report or in the filings made by
Midland from time to time with securities regulatory
authorities.
Gino RogerPresident and Chief Executive Officer450 420-5977450
420-5978info@midlandexploration.comwww.midlandexploration.com
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