Midland Exploration completes private placement

Midland Exploration Inc. (TSX VENTURE:MD) reported today that the company has completed its previously announced private placement with Laurentian Bank Securities Inc.This was achieved by issuing a total of 2,123,033 units to accredited investors at a price of $1.20 per unit and 166,700 flow-through shares at $1.50 per share, for total gross proceeds to Midland of $2,797,690.

The press release is quoted as saying:

Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals, uranium and REE.

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