Millrock Closes Non-Brokered Private Placement
19 Junio 2014 - 4:17PM
Marketwired
Millrock Closes Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 19, 2014) -
Millrock Resources Inc. (TSX-VENTURE:MRO) reports the non-brokered
private placement announced on June 5, 2014 has closed and a total
of 20,090,000 units at a price of $0.05 per unit have been issued
for gross proceeds of $1,004,500. Each unit consists of one common
share of Millrock and one share purchase warrant (the "Warrants"),
with each Warrant entitling the holder thereof to purchase one
additional common share at a price of $0.10 per share until June
19, 2019.
Proceeds from the financing
will be used to generate further projects in Alaska, Mexico and the
southwest United States and for general corporate purposes.
Finder's fees of $48,240 and 1,206,000 Finder's Warrants have
been paid to Global Market Development LLC. The Finder's Warrants
entitle the holder to purchase units at an exercise price of $0.05
until June 19, 2017, the units having the same terms as described
above under the private placement terms.
All the securities issued hereunder are subject to a four month
hold period and may not be traded until October 20, 2014.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the
mining industry. In the search for world-class metallic mineral
deposits in mineral-rich Alaska, southwest USA, and Mexico.
Millrock identifies, packages and operates large-scale projects for
joint venture, thereby exposing its shareholders to the benefits of
mineral discovery without the usual financial risk taken on by most
exploration companies. Millrock currently has twenty active
exploration projects, seven gold-copper properties in Alaska, a
porphyry copper prospect in Arizona, a uranium project in New
Mexico, and eleven projects in Mexico. Funding for Millrock's
exploration projects primarily comes from its joint venture
partners. Business partners of Millrock have included some of the
leading names in the mining industry: First Quantum, Teck, Kinross,
Vale, Inmet and Altius.
ON BEHALF OF THE BOARD
Gregory Beischer, President & CEO
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.
Millrock Resources Inc.Gregory A. Beischer(604) 638-3164 or Toll
Free: (877) 217-8978(907) 677-3599www.millrockresources.com
Millrock Resources (TSXV:MRO)
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