Midland Exploration closes $828,900 FT financing

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By CPE News

Montreal (pcJ News Briefs) – Midland Exploration Inc. (TSX-V: MD) has closed a non-brokered private placement with accredited investors of 614,000 flow-through (FT) common shares at $1.35 per FT share for gross proceeds of $828,900.

Midland Exploration will use proceeds to fund exploration works on properties located in Quebec.

As a result of the private placement, there are 57,161,557 common shares of Midland Exploration issued and outstanding.

Midland Exploration targets mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements, base metals and rare earth elements.

photo credit: Midland Exploration