DEVELOPING THE PAST-PRODUCING SIAN GOLD DEPOSIT IN GHANA

The Indicated Gold Resource at Sian/Praso Now Stands at 192,000 oz (NI 43-101 Compliant); Up 92% Since Last Report

Hub Home

> Log In

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

Email Updates

AGORACOM News Flash

AGORACOM CONFERENCE UPDATE

12 More Companies Added To Schedule For Dec 3 & 4. (See Schedule)
Keynote Speakers Include Peter Grandich, Eric Coffin (See Speakers)
Workshop Presentations Added To Thursday Schedule
Investors from over 45 Countries Have Visited
Conference Begins 2 Weeks From Today!

Looking forward to seeing all of you there gang. Registration is free for investors. AGORACOM Members register with just one click. Non-members takes less than 60 seconds. Register here (see form on right hand side)

Message: Financing of up to $500,000

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23558

Rating: [?]

Votes: 208 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Financing of up to $500,000

posted on Jan 08, 09 08:15AM

January 8, 2009

Midlands Minerals Arranges Financing of up to $500,000

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2009) - Midlands Minerals Corporation ("Midlands" or the "Company") (TSX VENTURE:MEX) is pleased to announce the Company has entered into a non-brokered credit facility representing a principal amount of up to CDN $500,000 between Midlands and the Company's Insiders (collectively the "Lenders"), whereby funds will be made available to the Company on an "as needed basis". The principal amount of the credit facility will bear interest at 10.5% per annum and will mature two years from the closing date.

Additionally, the TSX Venture Exchange has conditionally accepted the issuance of 153,846 bonus shares based upon the market price at the time of issuance. The common shares will be issued to the Lenders as CDN $50,000 of the credit facility has been drawn down.

In accordance with the Exchange's Timely Disclosure Policies, the Company will disclose by news release, any loan or advance of funds to the Company, which involves any change on, or security interest in, its assets, or, which otherwise constitutes a Material Change. The transaction is subject to final approval by the TSX Venture Exchange.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »