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Midland Exploration raises approximately US$2.8 million through private placement

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Laurentian Bank Securities Inc.

On December 21, 2012, Midland Exploration Inc. (“Midland”) closed a private placement led by Laurentian Bank Securities Inc. (“Laurentian”). The financing raised aggregate gross proceeds of approximately $2,824,749 in exchange for the issuance of 1,105,882 flow-through shares and 769,264 units, each unit being comprised of one common share and half of one common share purchase warrant of Midland. Proceeds of the financing will be used to fund Midland’s exploration plan and for general corporate purposes. Laurentian was advised on this matter by Fasken Martineau with a team comprised of John Sabetti and Daniel Fuke (Corporate/Securities) and Jesse Bertollo and Reid Crombie (Students-at-Law).



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