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Enter Symbol
or Name
USA
CA



MillenMin Ventures Inc
Symbol MVM
Shares Issued 42,100,000
Recent Sedar Documents

ORIGINAL: MillenMin extends Bellomonte loan to Dec. 31, 2020

2019-12-09 17:03 ET - News Release

Received by email:

File: Attachment MVM - News Release - BICL Loan Extension - Fourth Amendment.DOCX

MILLENMIN VENTURES INC. EXTENDS LOAN FROM BELLOMONTE INVESTMENTS COMPANY LIMITED
Toronto, ON (December 9, 2019) - MillenMin Ventures Inc. (TSXV:MVM) ("MillenMin") announces that it has entered an agr
--->eement with Bellomonte Investments Company Limited ("BICL"), the controlling shareholder of MillenMin, to extend the t
--->erm of BICL's non-interest bearing CAN$125,000 loan (the "Loan") to MillenMin.  Under the terms of the extension agree
--->ment, the Loan, which was previously due on December 31, 2019, will be due on December 31, 2020.
MillenMin obtained the Loan on January 27, 2017 from BICL and was used by MillenMin to fund the costs relating to its 
--->private placement of common shares.  On completion of such private placement in July 2017, BICL became and is currentl
--->y the controlling shareholder of MillenMin.
The Loan is deemed a related party transaction as BICL is the controlling shareholder of MillenMin.  The Loan is exemp
--->t from requiring a formal valuation and minority approval in accordance with, respectively, sections 5.5(b) and 5.7(1)
--->(f) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions as MillenMin i
--->s listed on the TSX Venture Exchange and the Loan involves no equity or voting component.  The independent directors o
--->f MillenMin's board of directors reviewed and approved the extension of the Loan.
Additional Information
For further information, contact Mr. Fan Xu at +1.289.597.9188.  Additional information about MillenMin is available t
--->o the public on SEDAR at www.sedar.com.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH T
--->HIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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