Midland Exploration Inc. has announced a non-brokered private placement, raising a total of $5,058,750 through the sale of 10,650,000 flow-through shares at $0.475 per share. Concurrently, an additional $1,050,000 is expected from the sale of 3,181,818 common shares at $0.33 per share to institutional investors. Centerra Gold Inc. will participate as a strategic investor, acquiring a 9.9% stake in Midland. The proceeds will fund qualifying Canadian exploration expenses, with tax credits of 22.5% anticipated. The transaction is set to close around July 25, 2025, pending TSX Venture Exchange approval and an Investor Rights Agreement with Centerra.
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