Mill Bay Ventures Announces Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/06/12 -- Mill Bay Ventures Inc. (TSX VENTURE: MBV)(PINKSHEETS: MLBVF)(FRANKFURT: M4K) (the "Company") is pleased to announce a non-brokered private placement consisting of up to 6,000,000 units of the Company (the "Units") at a price of $0.06 per Unit for gross proceeds of up to $360,000. Each Unit shall consist of one common share and one common share purchase warrant (the "Warrant"), each whole warrant entitling the holder thereof to purchase one additional common share at an exercise price of $0.10 for a period of two years from the date of issuance.
The Company may pay a finders fee to certain parties in respect to the private placement in accordance with securities legislation and TSX Venture Exchange policies. Proceeds arising from the sale of the Units will be used for general working capital purposes.
The private placement is subject to approval by the TSX Venture Exchange.
For further information on the the Company's exploration properties, please visit the Company's website at .
ON BEHALF OF THE BOARD
William Glasier, President
Shares issued: 20,246,539
Last Trading Price: $0.05
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
Contacts:
Mill Bay Ventures Inc.
Darryl Glasier
604-682-3701
604-682-3600 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.03.2012 - 18:57 Uhr
Sprache: Deutsch
News-ID 122364
Anzahl Zeichen: 2722
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Mill Bay Ventures Announces Private Placement"
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