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One News Page » Category » Press Releases » Tuesday, 10 November 2009 » Midlands Closes First Tranche of Million

Information / Related NewsOpen Full Story in New WindowMidlands Closes First Tranche of $3.2 Million in Brokered and Non-Brokered Financing

Reported by marketwire on Tuesday, 10 November 2009 (on November 10, 2009)
marketwire
TORONTO, ONTARIO--(Marketwire - Nov. 10, 2009) - Midlands Minerals Corporation ("Midlands" or the "Company") (TSX VENTURE:MEX) announced that as of today's date, November 10th, 2009, it has closed the first tranche of its previously announced brokered and non-brokered private placement of Units at a price of $0.15 per Unit (the "Offering"). The Company issued 9,005,000 Units on a brokered basis for gross proceeds of $1,350,750 and 12,426,667 Units on a non-brokered basis for gross proceeds of $1,864,000 for a total 21,431,667 Units and total gross proceeds of $3,214,750 in this first tranche.



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