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Midland Announces Non-Brokered Charity Flow-Through Financing with Strategic Investment from Centerra Gold

Midland Announces Non-Brokered Charity Flow-Through Financing with Strategic Investment from Centerra Gold

Toronto Star18 hours ago
MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) — Midland Exploration Inc. ('Midland' or the 'Corporation') (TSX-V: MD) is pleased to announce that the Corporation has arranged a non-brokered private placement (the 'Charity FT Offering') for aggregate gross proceeds of $5,058,750 from the sale of 10,650,000 shares of the Corporation (each a 'FT Share') at a price of $0.475 per FT Share. Each FT Share will qualify as a 'flow-through share' within the meaning of subsection 66(15) of the Income Tax Act (Canada) ('Tax Act').
Concurrently with the Charity FT Offering, the Corporation intends to complete a non-brokered private placement with institutional investors for additional gross proceeds of approximately $1,050,000 (the 'Concurrent Offering', and together with the Charity FT Offering, the 'Offering') from the sale of 3,181,818 common shares of the Corporation (each a 'Share') at a price of $0.33 per Share.
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