Midland Exploration Inc. announced on July 28, 2025, the closing of its private placement, which included a strategic investment from Centerra Gold Inc. The financing raised aggregate gross proceeds of $6,108,750.
Centerra Gold now holds approximately 9.9% of Midland Exploration's issued and outstanding common shares. The private placement consisted of 10,650,000 flow-through shares at $0.475 per share and 3,181,819 common shares at $0.33 per share.
The proceeds from this offering are designated for 'Canadian exploration expenses' on Midland's gold exploration projects in Quebec. This investment reinforces Centerra's commitment to expanding its exploration footprint through strategic partnerships.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.