Mill City Announces Non-Brokered Private Placement
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 03/23/12 -- MILL CITY GOLD CORP. ("Mill City" and/or the "Company") (TSX VENTURE: MC)(OTCQB: MCYGF)(FRANKFURT: NJ6) announced today it is undertaking a non-brokered private placement to raise up to $300,000 through the sale of units of securities of the Company.
The units will be priced at $0.05 per unit with each unit consisting of one common share of the Company and one common share purchase warrant of the Company. Each warrant will be exercisable into one common share for a period of 60 months from closing at an exercise price of $0.10 per share beginning on the date of the closing of the offering. Insiders of the Company plan to purchase more than 25% of the private placement.
The proceeds of the offering will be used for general corporate purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
James R. Brown, Chairman, President & CEO
Neither the 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.
Contacts:
Mill City Gold Corp.
James R. Brown
403-640-0110
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2012 - 19:00 Uhr
Sprache: Deutsch
News-ID 127991
Anzahl Zeichen: 5382
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Mining & Metals
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"Mill City Announces Non-Brokered Private Placement"
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