20:41:53 EDT Fri 26 Apr 2024
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or Name
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Millrock Resources Inc (2)
Symbol MRO
Shares Issued 54,196,123
Close 2018-09-14 C$ 0.175
Market Cap C$ 9,484,322
Recent Sedar Documents

Millrock acquires 7.82 million Sojourn shares

2018-09-14 20:41 ET - News Release

Also News Release (C-SOJ) Sojourn Exploration Inc

Mr. Gregory Beischer of Millrock reports

EARLY WARNING NEWS RELEASE

Millrock Resources Inc. has acquired ownership of and control over 7,823,417 common shares in the capital of Sojourn Exploration Inc. Sojourn issued 7,823,417 Sojourn shares to the company in consideration for the sale by the company to Sojourn of the company's Todd Creek, Willoughby and Oweegee Dome projects pursuant to the terms of a mineral property purchase agreement dated Aug. 8, 2018, between the company and Sojourn. Each of the Sojourn shares was issued by Sojourn to Millrock at a deemed price of 10 cents for an aggregate deemed price of $782,341.70. Millrock currently owns a total of 9,623,417 shares in the capital of Sojourn, representing 16.12 per cent of the total issued and outstanding common shares in the capital of Sojourn, based on 59,692,212 outstanding common shares. The company acquired the securities of Sojourn as partial consideration for the sale of the projects. Depending on market conditions and other factors, the company may, from time to time, acquire and/or dispose of securities of Sojourn or continue to hold its current position.

Once filed, a copy of the early warning report filed pursuant to National Instrument 62-103 can be downloaded from Sojourn's SEDAR profile.

About Millrock Resources Inc.

Millrock Resources is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest United States and Sonora state, Mexico. Financing for drilling at Millrock's exploration projects is primarily provided by its joint venture partners.

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