Business
Millennium Silver Corp. Announces Private Placement and Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Millennium Silver Corp. (TSXV: MSC) ("Millennium" or the "Company"), is pleased to announce a non-brokered private placement of up to 150,000,000 units (the "Units"), at $0.015 per Unit, for gross proceeds of up to $2,250,000 (the "Private Placement"). Each unit is comprised of one (1) common share and one (1) non-transferable share purchase warrant (the "Warrant"). Each Warrant shall have a term of five (5) years from the date..
About this update from Millennium Silver Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Millennium Silver Corp. (TSXV: MSC) ("Millennium" or the "Company"), is pleased to announce a non-brokered private placement of up to 150,000,000 units (the "Units"), at $0.015 per Unit, for gross proceeds of up to $2,250,000 (the "Private Placement"). Each unit is comprised of one (1) common share and one (1) non-transferable share purchase warrant (the "Warrant"). Each Warrant shall have a term of five (5) years from the date of issuance, and shall entitle the holder to purchase one (1) additional common share at an escalating exercise price as follows: $0.05 per share within the first three years after issuance; $0.10 per share in years four and five.","length":779,"tagName":"p"},{"type":"text","content":"Closing of the Private Placement is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV"). Proceeds from the Private Placement will be used for exploration, pursuant to the Company's 2019 NI 43-101 Technical Report, accounts payable, and working capital.","length":390,"tagName":"p"},{"type":"text","content":"The Company may pay up to a 6% finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSXV.","length":145,"tagName":"p"},{"type":"text","content":"Insiders may participate in the Private Placement including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The participation of insiders in the Private Placement is expected to be exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, will not exceed 25% of the Company's market capitalization.","length":623,"tagName":"p"},{"type":"text","content":"Stock Option Grant","length":18,"tagName":"p"},{"type":"text","content":"The Company also announces the issuance of 8,160,000 stock options with an exercise price of $0.05 per share for the purchase of up to 8...