Business
Millennial Increases Private Placement
West Vancouver, British Columbia--(Newsfile Corp. - March 25, 2025) - Millennial Potash Corp. (T...
About this update from Millennial Potash Corp
[{"type":"text","content":"Millennial Increases Private PlacementWest Vancouver, British Columbia--(Newsfile Corp. - March 25, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (\"MLP\", \"Millennial\" or the \"Company\") is pleased to announce that it's increasing the private placement (the \"Private Placement\"), initially announced on March 18, 2025. The Private Placement will now consist of 8,215,333 units (the \"Units\") (increased from 5,833,333) at a price of $0.60 per Unit for proceeds of $4,929,200 (increased from $3,500,000). Each Unit is comprised of one common share and one-half of one share purchase warrant exercisable at a price of $0.85 per share for a period of two years from the date of issuance.Proceeds of the Private Placement will be used to fund the Company's further exploration and development of its Banio Potash Project as well as for general working capital purposes. Additional details of the Private Placement including required MI 61-101 disclosure, as well as discussion of insider (related party) participation, can be found in the Company's news release of March 18, 2025. A commission of 7 per cent cash is payable on a portion of the private placement.The Private Placement is conditional upon the approval of the TSX Venture Exchange. To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or email [email protected] up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.MILLENNIAL 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 commodi...