05:14 PM EST, 12/03/2024 (MT Newswires) -- Midland Exploration ( MIDLF ) after close Tuesday said it closed of a non-brokered private placement of flow-through and common shares that raised $2.65 million.

The company placed 6.12-million flow-through shares priced at at $0.40 per share and 625,000 common shares at $0.32, in the financing.

Midland will use the proceeds to fund exploration works on its properties located in Quebec and for general corporate purposes.

The company's shares closed up $0.005 to $0.33 on the TSX Venture Exchange.