Midland Exploration Inc. announced a non-brokered private placement of flow-through common shares on November 16, 2023. The company expects to close a second tranche on or about November 30, 2023.

On the same day, the company issued 2,651,228 flow-through common shares at a price of CAD 0.65 per share for gross proceeds of CAD 1,723,298.2, and 666,666 common shares at a price of CAD 0.45 per share for gross proceeds of CAD 299,999.7, for aggregate gross proceeds of CAD 2,023,297.9 in its first tranche. The securities issued are subject to a four-month-and-one-day statutory hold period expiring on March 17, 2024. The tranche included participation from insiders of the company for 269,000 flow-through common shares for gross proceeds of CAD 174,850. The company paid finder?s fees of CAD 73,519 to arm?s length third parties.