{"id":5906,"date":"2018-12-18T10:15:00","date_gmt":"2018-12-18T15:15:00","guid":{"rendered":"https:\/\/midlandexploration.com\/2022\/06\/28\/exploration-midland-complete-second-trench-of-a-prime-placement-totaling-41-million\/"},"modified":"2022-08-11T15:19:09","modified_gmt":"2022-08-11T19:19:09","slug":"exploration-midland-complete-second-trench-of-a-prime-placement-totaling-41-million","status":"publish","type":"post","link":"https:\/\/midlandexploration.com\/en\/2018\/12\/18\/exploration-midland-complete-second-trench-of-a-prime-placement-totaling-41-million\/","title":{"rendered":"Midland Exploration completes the second tranche of a $4.1 million private placement"},"content":{"rendered":"\n
<\/h5>\n\n

<\/p>\n\n

Montreal, December 18, 2018. Midland Exploration Inc. (“Midland<\/strong>“)(TSX-V: MD<\/strong>) is pleased to announce the closing of a second tranche of the non-brokered private placement previously announced on December 5, 2018 (the “Private Placement”) through the issuance of 1,074,967 flow-through common shares (the “Flow-Through Shares”) at a price of $1.35 per share for gross proceeds of $1,451,206. The total gross proceeds of the private placement are $4,110,218. The securities issued under the second tranche of the private placement are subject to a four-month hold period expiring on April 19, 2019.<\/p>\n\n

<\/div>\n\n

Midland will use the proceeds of the Offering to fund exploration works on properties located in Quebec.<\/p>\n\n

<\/div>\n\n

Following the completion of the private placement, there are 64,080,889 common shares of Midland issued and outstanding. <\/p>\n\n

<\/div>\n\n

The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. Finder’s fees in the amount of $52,857 were paid to third parties at arm’s length with respect to Midland. <\/p>\n\n

<\/div>\n\n

About Midland Exploration <\/strong><\/p>\n\n

<\/div>\n\n

Midland is counting on Quebec’s excellent mineral potential to make the discovery of new deposits of world-class gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Agnico Eagle Mines Ltd, Osisko Mining Inc, Altius Minerals Corporation, SOQUEM INC, NioBay Metals Inc, Nunavik Mining Exploration Fund and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude agreements in this regard with respect to its newly acquired properties. Management is currently evaluating other opportunities and projects to enhance the Company’s portfolio and create added value for shareholders.<\/p>\n\n

<\/div>\n\n

Gino Roger, President and Chief Executive Officer<\/p>\n\n

Tel. : 450 420-5977 : 450 420-5977<\/a><\/p>\n\n

Fax : 450 420-5978 : 450 420-5978<\/p>\n\n

E-mail : info@midlandexploration.com<\/a><\/p>\n\n

Website : www.explorationmidland.com<\/a><\/p>\n\n

<\/div>\n\n

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.<\/em><\/p>\n\n

<\/div>\n\n

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\u2019s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities. –<\/em><\/p>\n\n

<\/div>\n\n

Document<\/strong><\/p>\n\n