Midland Announces Closing of $3.0M Private Placement

MONTREAL, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed the closing of a non-brokered private placement by issuing a total of 4,972,876 common shares of Midland that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (each a “FT Share”) at $0.56 per FT Share and 550,000 common shares (each a “Share”) at $0.46 per Share, for total gross proceeds of $3,037,811 (the “Private Placement”). The securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period expiring on April 10, 2026.