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UPDATE: Midland Exploration Acquires Gold Property Along Cadillac Break; Stocks Rise 5%
5/17/2013 11:12:00 AM
By: MT Newswires
Midland Exploration Inc. (MD.V) announced the acquisition of 100% interest in a gold property, comprising 29 claims in two blocks located along and proximal to the Cadillac Break. This new strategic acquisition, totaling more than 1,200 hectares, is located less than 5 kilometres northwest of the town of Malartic, Quebec.
In consideration for the acquisition of 100% interest in the Heva property, Midland will proceed with a cash payment in the amount of $30,000 and will issue 60,000 common shares to the vendor, Arianne Resources Inc.
MD was up 5% to $1, with 52-week range of $0.89 - $1.55.