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Midland Exploration Closes $6.1M Private Placement, Announces Centerra Gold As Strategic Investor With 9.9% Stake

Author: Benzinga Newsdesk | July 28, 2025 06:38am

Midland Exploration Inc. ("Midland" or the "Corporation") (TSXV:MD) is pleased to announce the closing of a previously announced private placement (see press release dated July 22, 2025), for gross proceeds of $5,058,750 from the sale of 10,650,000 shares of the Corporation (each a "FT Share") at a price of $0.475 per FT Share. Each FT Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) ("Tax Act").

As part of the private placement, Midland is pleased to welcome Centerra Gold Inc. ("Centerra") (TSX:CG) (NYSE:CGAU) as a new strategic investor. Centerra now holds approximately 9.9% of the Corporation's issued and outstanding common shares.

Midland is also pleased to announce the closing of a concurrent non-brokered private placement of 3,181,819 common shares (each a "Share") at a price of $0.33 per Share, for gross proceeds of $1,050,000.

Posted In: CGAU TSX:CG

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