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MD Midland Exploration Inc

0.37
0.01 (2.78%)
Last Updated: 14:41:54
Delayed by 15 minutes
Share Name Share Symbol Market Type
Midland Exploration Inc TSXV:MD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.01 2.78% 0.37 0.37 0.38 0.375 0.37 0.375 8,921 14:41:54

Midland Exploration Completes a $1.35 Million Private Placement

19/12/2013 8:15pm

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gino Roger
President and Chief Executive Officer
450 420-5977
450 420-5978 (FAX)
info@midlandexploration.com
www.midlandexploration.com

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