MONTREAL, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed a private placement (the “Offering”) by issuing to the Caisse de dépôt et placement du Québec (“CDPQ Sodémex Inc.”) a total of 1,111,111 units at $0.90 per unit, for gross proceeds of $1,000,000. Each unit consists of one common share and one half warrant of Midland. Each warrant entitles the holder to purchase one common share of Midland at a price of $1.25 until January 18, 2021. The securities issued in the Offering are subject to a four-month hold period expiring on May 19, 2019. The total gross proceeds of the private placements closed in December 2018 and January 2019 is greater than $5,300,000.
Midland Exploration Announces Closing of a Private Placement With the Caisse de dépôt et placement du Québec
Jan 18, 2019
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