Midland Exploration Inc. announced on July 22, 2025, that Centerra Gold Inc. is expected to participate as a strategic investor in its non-brokered private placement, totaling approximately $6.1 million. Upon closing, Centerra is anticipated to hold 9.9% of Midland's issued and outstanding common shares.
The financing includes a charity flow-through offering of 10,650,000 shares at $0.475 per share for gross proceeds of $5,058,750, and a concurrent offering of 3,181,818 common shares at $0.33 per share for gross proceeds of $1,050,000.
The gross proceeds from the flow-through shares will be used for Canadian exploration expenses on Midland's wholly owned gold exploration projects in Abitibi, James Bay, and northern Quebec. This investment provides Midland with significant funds to advance its exploration initiatives, aligning with Centerra's strategy to support promising junior mining companies.
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.