Millrock Announces Non-Brokered Private Placement
06 June 2014 - 3:03AM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Millrock Resources Inc. (TSX VENTURE:MRO) announces a non-brokered private
placement of 20,000,000 units at a price of $0.05 per unit, totaling gross
proceeds of $1,000,000. Each unit will consist 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 for a period of five years.
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 8% cash and 10% finder's warrants ("Finder's Warrants") may
become payable in connection with this private placement. The Finder's Warrants
will entitle the holder thereof to purchase units at an exercise price of $0.05
for a period of three years, the units having the same terms as described above.
The financing is subject to approval from the TSX Venture Exchange.
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
and 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 include some of the leading names in the
mining industry: First Quantum, Teck 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."
FOR FURTHER INFORMATION PLEASE CONTACT:
Millrock Resources Inc.
Gregory A. Beischer
(604) 638-3164
(877) 217-8978 Toll Free
www.millrockresources.com
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