Twitter Facebook LinkedIn YouTube

Millrock Resources has announced a non-brokered private placement

Video Platform Video Management Video Solutions Video Player

The company intends to raise between $1 million to $1.5 million from the placement of up to 20 million units priced at $0.075 per unit, with a minimum investment of $5,000.

Additional Information:

Company: Millrock Resources
Website: http://www.millrockresources.com,
Stock Symbol: TSXV:MRO
Date Published: Jul 10, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Millrock Resources has announced a non-brokered private placement.

The company intends to raise between $1 million to $1.5 million from the placement of up to 20 million units priced at $0.075 per unit, with a minimum investment of $5,000.

Each unit consists of one share and one warrant, with the warrant exercisable at an escalating price of $0.14 until December 14th, 2019, moving to $0.17 until December 14th, 2020, and at $0.20 until December 14th, 2021.

The shares are currently trading at $0.08.

In addition to being open to accredited investors, the offering is available to current shareholders.

Millrock is a project generator company focused on discovery and development of high value metallic mineral deposits.

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.

The company’s emphasis has been on gold and copper focusing on porphyry and high-grade vein style deposits.

Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners, with business partners including some of the leading names in the mining industry, such as Teck, Kinross and Newcrest.

Millrock currently has 6 active exploration projects: four gold properties in Alaska and one copper and one gold project in Mexico.

In Alaska, the red stars denote projects Millrock is currently holding, and the blue stars denote previously held properties.

For more information, please visit the company’s website at www.millrockresources.com, contact Melanee Henderson, Investor Relations, at 604-638-3164 or by email at mhenderson@millrockresources.com.

I’m Cassandra Bolinski for Investmentpitch Media