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Midland Exploration Announces a Private Placement
Published : December 07, 2012
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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
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Midland Exploration

EXPLORATION STAGE
CODE : MD.V
ISIN : CA59751U1003
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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
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
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 $1.3 Million From Warrants Exercised
4/14/2011on Midland's Activities and Projects in Partnership
3/16/2011Expands Strategic Land Holdings East of Detour Lake and Comm...
2/22/2011and Osisko Resume Drilling on the Dunn Property
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TSX-V (MD.V)
0.850+0.00%
TSX-V
CA$ 0.850
07/18 15:48 -
0%
Prev close Open
0.850 0.880
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0.850 0.900
Year l/h YTD var.
0.660 -  1.00 13.33%
52 week l/h 52 week var.
0.640 -  1.09 -5.56%
Volume 1 month var.
14,000 -%
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