Midlands Minerals Announces Private Placement Offering

Midlands Minerals Corporation (TSXV:MEX,OTC:MDLXF) reports it is offering up to 37,500,000 units.

The press release is quoted as saying,

Bayfront Capital Partners Ltd. has agreed to act as agent for and on behalf of the Company and in syndication with Delano Capital Corp. (“Bayfront” or the “Agent”) on a best efforts basis with respect to the Offering, pursuant to which they will receive an aggregate cash commission of 8% of the gross proceeds raised in the Offering as well as such number of broker units (the “Broker Units”) as is equal to 8% of the total number of Units sold in the Offering. Each Broker Unit shall be exercisable to acquire one Unit at a price of $0.10 per Unit for a period of 24 months from the closing date.

For the complete press release, click here.