Midland Exploration Inc. announced that it has received CAD 3.62728 million in funding from Desjardins Capital, SIDEX L.L.P., BHP Billiton Canada Inc.
The company issued 356,000 common shares at an issue price of CAD 0.40 per common share for gross proceeds of CAD 142,400 in its third and final tranche closing. The transaction included participation from returning investor, BHP Billiton Canada Inc. for 356,000 shares. The securities issued in the third tranche of the private placement are subject to a four-month hold period expiring on May 24, 2023.