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Mon, February 23, 2009
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Fri, February 20, 2009 Midland Exploration Inc.: Midland Exploration Grants 420,000 Stock Options
MONTREAL, QUEBEC--(Marketwire - Feb. 20, 2009) - Midland Exploration Inc. ("Midland" or "Company") (TSX VENTURE:MD) announced that it has granted 420,000 stock options to its directors, officers, employees and consultants. Each stock option entitles its holder to subscribe one common share of the Company at a price of $0.70 per share, which is the closing price on the TSX Venture Exchange as of February 18, 2009. Their expiry date is February 19, 2014. The options are subject to the terms of the company's stock option plan and vest over a period of 18 months.
About Midland
Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and uranium. Midland is proud to count on reputable partners such as Agnico-Eagle, Soquem Inc. and Quest Uranium Corporation. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Midland is currently evaluating new opportunities and other projects in order to increase the portfolio of the Company.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.
