Business
Millennial Announces Closing of First Tranche of Private Placement for Proceeds of $1,481,000
West Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Millennial Potash Corp. (TS...
About this update from Millennial Potash Corp
[{"type":"text","content":"Millennial Announces Closing of First Tranche of Private Placement for Proceeds of $1,481,000West Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (\"MLP\", \"Millennial\" or the \"Company\") is pleased to announce that it has closed the first tranche of its private placement (the \"Private Placement\").The Private Placement was for a total of 5,924,000 units (the \"Units\") at a price of $0.25 for proceeds of $1,481,000. Each Unit consisted of one common share and one-half share purchase warrant. Each of the 2,962,000 whole share purchase warrants are exercisable for a period of two years from the date of issuance at a price of CDN$0.35 per share. Commissions on the Private Placement totalling CDN$25,900. and 103,600 finders' warrants will be paid in connection with closing the Private Placement. The finders' warrants are exercisable for three years from the date of issuance at a price of CDN$0.35 per share.The Shares are subject to a four month hold period expiring on October 19, 2024.Proceeds of the Private Placement are to be used to fund exploration and development activities on the Company's Banio Potash Project and for general working capital purposes. To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or email at [email protected] POTASH CORP.\"Farhad Abasov\"Chair of the Board of DirectorsNeither the 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 document may contain certain \"Forward-Looking Statements\" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words \"anticipate\", \"believe\", \"estimate\", \"expect\", \"target, \"plan\" or \"planned\", \"forecast\", \"intend\", \"may\", \"schedule\" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including appr...