Millrock Closes Non-Brokered Private Placement
20 June 2014 - 7:17AM
Marketwired Canada
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Millrock Resources Inc.
Gregory A. Beischer
(604) 638-3164 or Toll Free: (877) 217-8978
(907) 677-3599 (FAX)
www.millrockresources.com
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