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Midland Exploration Announces a Private Placement
Published : December 07, 2012
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Keywords :   Gold | Japan | Market | Oil | Palladium | Rare Earth | Report |

MONTREAL, QUEBEC--(Marketwire - Dec. 7, 2012) - Midland Exploration Inc. ("Midland") (News - Market indicators) is pleased to announce that it has signed an engagement letter with Laurentian Bank Securities Inc. to complete a private placement for gross proceeds of $2.5 million. The private placement will consist of 909,091 flow-through shares at $1.65 per share for an amount of $1,500,000 and 769,231 units at a price of $1.30 per unit, for an amount of $1,000,000. Each unit will be comprised of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one additional common share of Midland at a price of $1.75 for a period of 18 months from the closing date of the private placement.

Midland has granted an option to the agent to sell additional securities for an amount of $500,000, to raise gross proceeds to $3,000,000.

Midland will use the proceeds from the private placement to fund its exploration plan and for working capital purposes.

Closing of the proposed private placement is conditional upon preparation of standard documentation and regulatory approval, including that of the TSX Venture Exchange. Closing is expected to take place on or about December 19, 2012. Under applicable securities legislation, the securities to be issued in the proposed private placement will be subject to a four-month hold period.

There are currently 26,661,079 common shares of Midland issued and outstanding.

About Midland Exploration

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 rare earth elements. Midland is proud to count on reputable partners such as Agnico-Eagle Mines Limited, Osisko Mining Corporation, North American palladium Limited, Japan Oil, Gas and Metals National Corporation and SOQUEM Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Midland is currently evaluating new opportunities and other projects in order to increase the portfolio of the Company.

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's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

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.

Gino Roger
President and Chief Executive Officer
450 420-5977
450 420-5978 (FAX)
info@midlandexploration.com
www.midlandexploration.com
Data and Statistics for these countries : Japan | All
Gold and Silver Prices for these countries : Japan | All

Midland Exploration

EXPLORATION STAGE
CODE : MD.V
ISIN : CA59751U1003
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Midland Exploration is an exploration company based in Canada.

Midland Exploration holds various exploration projects in Canada.

Its main exploration properties are PATRIS and MARITIME CADILLAC in Canada.

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Financings of Midland Exploration
12/7/2012Announces a Private Placement
Option Grants of Midland Exploration
2/18/2011Announces the Grant of Options
Project news of Midland Exploration
4/19/2017Midland Identifies New Drilling Targets on La Peltrie, South...
6/23/2016Midland and Soquem identify new targets on Casault and resum...
6/16/2016Midland announces joint-venture agreement near Eleonore mine...
5/12/2016Midland resumes PGE exploration in the Labrador trough with ...
4/26/2016Midland begins a field exploration program on its Willbob go...
1/20/2016Midland completes a soil geochemical survey on its Heva gold...
11/12/2015Midland and Soquem identify new drilling targets on Jouvex a...
10/28/2015Midland identifies several new gold zones during its first e...
10/22/2015Midland and Soquem intersect three new gold-bearing zones wh...
9/15/2015Midland begins a first exploration program on La Peltrie sou...
9/3/2015Midland identifies several new PGE high grade mineralization...
8/5/2015Midland commences an exploration program on its James Bay go...
7/14/2015Midland begins field exploration work on its Willibob gold p...
6/23/2015Midland resumes PGE exploration in the Labrador Trough with ...
6/9/2015Midland and Soquem resume drilling on Casault with a 4,300-m...
5/27/2015Midland expands its gold position on La Peltrie southeast of...
3/26/2015Midland commences an exploration program on its James Bay go...
3/10/2015Midland signs option and joint venture agreement with Soquem...
2/24/2015Midland and Sphinx commence first drilling program on the Sa...
1/15/2015Midland and its partners are starting over 10,000 metres of ...
10/8/2013(Patris)Begins Exploration Program on the Patris Gold Property
3/30/2011(Maritime Cadillac)is Pleased to Announce That Agnico-Eagle Resumes Drilling to...
12/16/2010(Patris)MIDLAND EXPLORATION OPTIONS ITS PATRIS GOLD PROJECT TO AURI...
Corporate news of Midland Exploration
7/21/2016Midland Completes Phase I Prospecting Program on the Willbob...
7/19/2016Midland Resumes Work on Heva Following the Discovery of Seve...
7/5/2016Midland announces the discovery of several new gold showings...
5/26/2016Midland begins prospecting and stripping program on its gold...
5/26/2016Midland Begins Prospecting and Stripping Program on Its Heva...
4/14/2016Midland identifies new propective ultramafic complex and dis...
4/14/2016Midland Identifies New Prospective Ultramafic Complex and Di...
4/12/2016Midland increases its land position near Sirios Cheechoo gol...
4/12/2016Midland Increases its Land Position Near Sirios' Cheechoo Go...
3/15/2016Midland Begins a First Drilling Program on La Peltrie Southe...
2/25/2016Midland Exploration, Inc. Earnings Analysis: Q1, 2016 By the...
2/17/2016Midland Issues an Update on its Activities in the Abitibi, J...
1/13/2016Midland acquires the Dessureault golf showing, continues fin...
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12/2/2015Veteran Investors Bob Moriarty and Adrian Day Interviewed by...
11/25/2015Midland Exploration announces completion of private placemen...
11/25/2015Midland announces start of ground geopysics near the Destor-...
11/25/2015Midland Announces Start of Ground Geophysics Near the Destor...
11/20/2015Midland Exploration Announces Completion of Private Placemen...
11/11/2015PearTree Securities' Eric Lemieux Interviewed by The Gold Re...
10/28/2015CORRECTION FROM SOURCE: Midland Identifies Several New Gold ...
10/6/2015Midland anoounces the discovery of a new gold-bearing corrid...
10/6/2015Midland Announces the Discovery of a New Gold Bearing Corrid...
9/3/2015Midland Exploration Inc.: Clarification of News Release on N...
8/28/2015Midland Exploration, Inc. Earnings Q3, 2015
8/26/2015Midland identifies several new high grade gold showings on t...
8/20/2015Midland Exploration announces the grant of options
8/14/2015Midland Exploration Announces the Grant of Options
8/5/2015Midland Commences An Exploration Program on its James Bay Go...
7/14/2015Midland Begins Field Exploration Work on its Willbob Gold Pr...
6/23/2015Midland Resumes PGE Exploration in the Labrador Through With...
5/27/2015Expands Its Gold Position on La Peltrie Southeast of Detour ...
5/21/2015on Midland's Activities, Including Identification of a Gold-...
5/12/2015Midland Exploration completes the second tranche of a privat...
5/5/2015Midland Exploration completes a $14.3 Million private placem...
4/15/2015Midland Exploration announces a private placement
3/26/2015Commences an Exploration Program on its James Bay Gold Proj...
3/26/2015Midland Commences an Exploration Program on its James Bay Go...
3/10/2015Signs Option and Joint Venture Agreement With SOQUEM for Its...
12/17/2014Midland Exploration completes the second tranche of a privat...
12/16/2014Midland options its new Adam project located East of Soquem'...
12/9/2014Midland acquires a new property with strong AU-CU potential ...
12/3/2014Midland Exploration Completes A $1.65 Million Private Placem...
10/21/2014Midland options its Casault and Jouvex Gold Projects to Soqu...
10/9/2014Midland Acquires a new Property Along a High Grade Gold Corr...
10/1/2014Midland and Donner Begin Geophysical Work on the Samson Proj...
9/17/2014Midland and JOGMEC Begin a First Drilling Program on the Pal...
9/8/2014Midland Options Its Samson Ni-Cu-PGE and Gold Property to Do...
8/28/2014Results from Midland's First Phase Exploration Program Retur...
8/13/2014Midland Commences an Exploration Field Program on Its James ...
7/17/2014Midland Increases Its Gold Position East of Detour Gold
6/19/2014Midland Acquires New Property Near Balmoral's Ni-Cu-PGE Disc...
6/10/2014Midland Begins a PGE Exploration Field Program in the Labrad...
5/22/2014Midland Provides an Update of its 2014 Exploration Activitie...
4/8/2014Midland Begins a PGE Exploration Program in the Labrador Tro...
3/31/2014Midland and Donner Begin Their First Drilling Program on the...
10/22/2013Defines Several New Drilling Targets Along the Casa Berardi ...
8/22/2013Results From Midland's First Phase Exploration Program Retur...
7/25/2013Extension of the Gold Potential of the Dyke West Zone on Mar...
7/9/2013Acquires New Properties With Strong Potential for Platinum G...
5/28/2013Commences an Important Exploration Program on its James Bay ...
5/17/2013Acquires Strategic Gold Property Along the Cadillac Break
5/17/2013Acquires Strategic Gold Property Along the Cadillac Break
5/9/2013Commences Ground Geophysical Surveys on Laflamme Along a New...
4/18/2013Agnico-Eagle Extends Underground Drill Holes from the Lapa M...
3/28/2013Identifies Two New Gold Structures on Laflamme and Resumes D...
3/11/2013and Osisko Begin a Drilling Program Over New Promising Targe...
2/22/2013Announces the Grant of Options
2/19/2013and Osisko Identify a New Prospective Area in the East Part ...
2/5/2013Agnico-Eagle and Midland Amend Joint Venture Agreement on Ma...
1/15/2013Begins Drilling Program to Test High-Priority Targets on Laf...
1/15/2013Begins Drilling Program to Test High-Priority Targets on Laf...
12/21/2012Completes $2.8 Million Private Placement
11/27/2012Identifies Several New Drilling Targets on Laflamme
10/31/2012and Osisko Commence Helicopter-Borne VTEM Survey on the Casa...
10/4/2012Expands Strategic Land Positions on Jouvex and Valmond Along...
9/11/2012Commences a Prospecting Program on its Eleonore and James Ba...
7/19/2011and Agnico-Eagle Intersect 21.1 g/t Au Over 1.2 Metres and E...
7/13/2011and North American Palladium Report a New Gold Discovery on ...
6/15/2011and North American Palladium Discover a New Ni-Cu-Pge Zone o...
6/7/2011Resumes Exploration With JOGMEC on its Rare Earth Ytterby Pr...
5/18/2011Receives $1.3 Million From Warrants Exercised
3/16/2011Expands Strategic Land Holdings East of Detour Lake and Comm...
2/22/2011and Osisko Resume Drilling on the Dunn Property
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