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Midlands Minerals Corp.

11:55 AM EST - Midlands Minerals Corp. : announced a non-brokered private placement of up to 30 million units. The company added that the private placement offering will be at $0.35 per unit, and will consist of one common share in the capital of the company and one half-share purchase warrant. Each whole Warrant will be exercisable at $0.50 to buy an additional common share for a period of 24 months following the Closing Date, Midlands Minerals noted. Midlands Minerals Corp. shares V.MEX are trading down $0.06 at $0.46.