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by Will Purcell

The critical and specialty minerals stocks box score on Monday was a positive 110-71-129 as the TSX Venture Exchange rose 21 points to 994. Gino Roger's Midland Exploration Inc. (MD), which lost one-half cent to 44.5 cents on 72,000 shares, has sold 6.93 million shares at 45 cents apiece in a second tranche, adding $3.1-million to the $2.2-million it raked in when it sold 4.9 million shares in a first tranche two weeks ago. The total tally, $5.3-million, topped the $4-million it said it initially was seeking to "finance its exploration plan and for general corporate purposes."

What that plan entails and what those purposes might be, Midland did not say, but the company's treasury was already brimming with cash -- nearly $7.4-million at the end of May -- so exploration should be high on its list. As for what that might be, Midland said in early April that it and Soquem Inc. were planning a follow-up effort on their Malaco Mountain copper, gold and rare earth elements project in Northern Quebec. The plan called for geophysics and ground prospecting starting in August, work that might "lead to drilling."

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