West Vancouver, British Columbia–A mining company recently closed a private placement, raising $1,000,000 through the issuance of 4,000,000 units priced at $0.25 per unit. Each unit consisted of one common share and one-half share purchase warrant, with each whole warrant exercisable at $0.35 per share for a period of two years. The private placement did not involve any finder’s fees or commissions, and all securities issued are subject to a four-month hold period.
The proceeds from the private placement will be used to fund exploration and development activities on the company’s Banio Potash Project, as well as for general working capital purposes. Those interested in learning more are encouraged to contact Investor Relations at (604) 662-8184 or via email at info@millennialpotash.com.
This announcement may contain forward-looking statements within the meaning of applicable securities laws. These statements may involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The company does not intend to update these forward-looking statements unless required by law.
For more information on this press release, please visit the source version at https://www.newsfilecorp.com/release/220810.
