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