Midland Exploration Announces Completion of Private Placementadmin
Midland Exploration Inc. announce that it has completed a flow-through private placement for aggregate gross proceeds of $415,000, at a price of $0.50 per share, with accredited investors, directors and officers. This placement will be used for exploration of new generated gold properties located in Quebec, which will be done in 2009.
Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and uranium. Midland is proud to count on reputable partners such as Agnico-Eagle, Soquem Inc. and Quest Uranium Corporation. Midland prefers to work in partnership and intends to conclude quickly additional agreements in regard to lately acquired properties. Midland is currently evaluating other opportunities and other projects in order to increase the portfolio of the Company.