21:14:57 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Millrock Resources Inc (2)
Symbol MRO
Shares Issued 20,640,361
Close 2015-12-01 C$ 0.20
Market Cap C$ 4,128,072
Recent Sedar Documents

Millrock Resources increases financing to $1.3-million

2015-12-01 19:37 ET - News Release

Mr. Gregory Beischer reports

MILLROCK ANNOUNCES INCREASE IN NON-BROKERED PRIVATE PLACEMENT FINANCING

Millrock Resources Inc. has increased the non-brokered private placement announced on Nov. 20, 2015. The financing will now consist of up to 8,125,000 units at a price of 16 cents per unit, for gross proceeds of up to $1.3-million.

Each unit shall consist of one common share of Millrock and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share at a price of 22 cents per common share until and including the date which is one year from the closing date, thereafter at a price of 30 cents per common share until and including the date which is two years from the closing date, and thereafter at a price of 40 cents per common share until and including the date which is four years from the closing date. 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 a series of specific property acquisitions and for general corporate purposes. The financing is subject to approval of the TSX Venture Exchange.

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