Midland Completes $3.0M Private Placement

MONTREAL, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed the closing of a non-brokered private placement by issuing a total of 4,972,876 common shares of Midland that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (each a “FT Share”) at $0.56 per FT Share and 550,000 common shares (each a “Share”) at $0.46 per Share, for total gross proceeds of $3,037,811 (the “Private Placement”). The securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period expiring on April 10, 2026.

Midland Exploration Inc. has completed a private placement that raised $3.0 million, closing on December 9, 2025. The news release elaborates on the financial specifics of the offering, detailing the investment involvement of key investors and the allocation of funds.

According to the announcement, the net proceeds from this placement are reserved for exploration and development projects that the company has in its portfolio. Midland expressed gratitude towards the investors for their support, indicating that this funding will significantly contribute to advancing their strategic objectives in mineral exploration.

Furthermore, the news release highlights the company's focus on continuing its initiatives in the mining sector, with particular emphasis on exploring opportunities in underexplored regions. This capital infusion aims to bolster Midland's operational capabilities as the company strengthens its position in the competitive mining industry.

The announcement also mentions the regulatory aspects, confirming that the securities issued in connection with the private placement are subject to a four-month hold period under applicable securities legislation. This compliance with regulatory requirements underscores the company’s commitment to transparency and governance in its financing efforts.

Midland Exploration’s management team is optimistic about the future, with the private placement perceived as a strategic move to harness new opportunities and enhance shareholder value. As the mining sector continues to evolve, Midland is poised to leverage this funding to propel its exploration program and potentially discover significant mineral resources, contributing to the overall growth and sustainability of the company.