Midland Completes the Third Tranche of a Private Placement Totalling $2.8M
MONTREAL, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. ("Midland") (TSX-V: MD) is pleased to announce that it has completed a third and last tranche of the non brokered private placement previously announced on December 7, 2021 (the "Private Placement") by issuing 170,000 common shares at $0.55 per common share for gross proceeds of $93,500. BHP Canada Inc. ("BHP") has exercised its right to maintain its ownership at 5.0% by acquiring those 170,000 common shares of Midland. This right had been granted to BHP on April 18, 2019 pursuant to an Investor Rights Agreement with Midland. The total gross proceeds of the Private Placement is $2,760,600.
蒙特利爾，2022年1月17日(環球通訊社)-米德蘭勘探公司(Midland Explore Inc.)“米德蘭”) (TSX-V：MD)很高興地宣佈，它已經完成了之前於2021年12月7日宣佈的第三批也是最後一批非經紀私募(“私募”)，以每股0.55美元的價格發行了170,000股普通股，總收益為93,500美元。必和必拓加拿大公司(“必和必拓“)已行使權利，通過收購該170,000股米德蘭普通股，將其所有權維持在5.0%。這一權利已於2019年4月18日根據與米德蘭簽訂的投資者權利協議授予必和必拓。定向增發的總收益為2,760,600美元。
The securities issued in the third tranche of the Private Placement are subject to a four-month hold period expiring on May 15, 2022. Midland will use the Private Placement proceeds to fund exploration works on its properties located in Quebec. As a result of the closing of the Private Placement, there are 75,667,797 common shares of Midland issued and outstanding.
私募發行的第三批證券的持有期為4個月，至2022年5月15日到期。米德蘭將利用私募收益為其位於魁北克的物業的勘探工作提供資金。由於私募的結束，米德蘭已發行和已發行的普通股有75,667,797股。
The Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.
私募是根據招股説明書中適用證券法律的豁免進行的，並有待多倫多證券交易所風險交易所的最終接受。
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value.
關於米德蘭
米德蘭瞄準魁北克極佳的礦產潛力，以發現新的世界級金礦、鉑族元素和賤金屬。米德蘭公司很自豪能依靠一些信譽良好的合作伙伴，如必和必拓加拿大公司、力拓加拿大勘探公司、Probe Metals公司、Wallbridge礦業有限公司、Agnico Eagle Mines有限公司、Osisko開發公司、SOQUEM公司、努納維克礦物勘探基金公司和AbCourt Mines公司。米德蘭公司更願意合作，並打算迅速就新收購的物業達成更多協議。管理層目前正在審查其他機會和項目，以建立公司投資組合並創造股東價值。
Gino Roger, President and Chief Executive Officer
Tel: 450 420-5977
Fax: 450 420-5978
E-mail: info@midlandexploration.com
Website:
總裁兼首席執行官吉諾·羅傑
電話：450420-5977
傳真：450420-5978
電子郵件：info@midlandexploration.com
網站：
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.
本新聞稿可能包含受已知和未知風險和不確定性影響的前瞻性陳述，這些風險和不確定性可能導致實際結果與目標結果大不相同。這些風險和不確定性包括米德蘭公司定期報告(包括年度報告)或米德蘭公司不時向證券監管機構提交的文件中描述的風險和不確定性。
譯文內容由第三人軟體翻譯。