Mr. Farhad Abasov reports
MILLENNIAL ANNOUNCES PRIVATE PLACEMENT OF 1,600,000 UNITS FOR PROCEEDS OF $640,000
Millennial Potash Corp. is engaging in a non-brokered private placement of 1.6 million units at a price of 40 cents per unit. Each unit comprises one common share and one-half of one share purchase warrant exercisable at a price of 60 cents per share for a period of two years from the date of issuance. A commission of 7 per cent cash and 7 per cent finders warrants will be payable on the private placement.
Proceeds of the private placement will be used to finance the company's further exploration and development of its Banio potash project as well as for general working capital purposes.
The private placement is subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.
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