The Prospector News

Midland Completes the Third Tranche of a Private Placement Totalling $2.8M

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Midland Completes the Third Tranche of a Private Placement Totalling $2.8M

 

 

 

 

 

Midland Exploration Inc. (TSX-V: MD) is pleased to announce that it has completed a third and last tranche of the non brokered private placement previously announced on December 7, 2021 (the “Private Placement”) by issuing 170,000 common shares at $0.55 per common share for gross proceeds of $93,500. BHP Canada Inc. has exercised its right to maintain its ownership at 5.0% by acquiring those 170,000 common shares of Midland. This right had been granted to BHP on April 18, 2019 pursuant to an Investor Rights Agreement with Midland. The total gross proceeds of the Private Placement is $2,760,600.

 

The securities issued in the third tranche of the Private Placement are subject to a four-month hold period expiring on May 15, 2022. Midland will use the Private Placement proceeds to fund exploration works on its properties located in Quebec. As a result of the closing of the Private Placement, there are 75,667,797 common shares of Midland issued and outstanding.

 

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.

 

About Midland

 

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines 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 Corporation portfolio and generate shareholder value.

 

Posted January 17, 2022

Share this news article

MORE or "UNCATEGORIZED"


Galway Metals Intersects 8.4 g/t Gold over 4.0 Meters, 350 Meters from North Deposit

Galway Metals Inc. (TSX-V: GWM)(OTCQB: GAYMF) is pleased to report results from 11 diamond drill hol... READ MORE

September 8, 2025

Sitka Expands Rhosgobel Discovery with Intercept of 162.0 Metres of 1.02 g/t Gold from Surface, Including 71.0 Metres of 1.57 g/t Gold, at Its RC Gold Project, Yukon

Sitka Gold Corp. (TSX-V: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to announce additional positive ... READ MORE

September 8, 2025

Blackrock Silver Announces Updated Mineral Resource Estimate for the Tonopah West Project

Blackrock Silver Corp. (TSX-V: BRC) (OTCQX: BKRRF) (FSE: AHZ0) is pleased to report the resul... READ MORE

September 8, 2025

Vizsla Silver Enters US$220M Project Finance Mandate with Macquarie to Fund Development of the Panuco Project

Vizsla Royalties Corp. (TSX-V: VROY) (OTCQB: VROYF)  is pleased to highlight the mandate let... READ MORE

September 8, 2025

Kinross sells portion of Asante Gold shares

Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced today that it has sold an aggregate of 29,85... READ MORE

September 8, 2025

Copyright 2025 The Prospector News