08:00:18 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Millrock Resources Inc
Symbol MRO
Shares Issued 114,139,878
Close 2014-09-29 C$ 0.055
Market Cap C$ 6,277,693
Recent Sedar Documents

Millrock increases private placement to $4-million

2014-09-30 09:35 ET - News Release

Mr. Gregory Beischer reports

MILLROCK ANNOUNCES INCREASE IN NON-BROKERED PRIVATE PLACEMENT

Millrock Resources Inc. has increased the non-brokered private placement announced on Sept. 22, 2014. The company has received strong interest from parties that, if their subscriptions are accepted in full by Millrock, will become reporting insiders as defined under National Instrument 55-104. The financing will now consist of up to 80 million units at a price of five cents per unit for gross proceeds of up to $4-million. Each unit shall consist of one common share of Millrock and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of seven cents per share for a period of two years and thereafter at a price of 10 cents per share for an additional period of three years. Millrock expects to pay finders' fees in connection with this financing. The securities issued under this financing will be subject to a hold period of four months from the closing date.

Proceeds from the financing will be used for project generation, for project marketing to partners and for general corporate purposes. The financing is subject to approval of the TSX Venture Exchange.

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