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Meryllion Resources (CSE:MYR) closes private placement

Mining
CSE:MYR
08 April 2022 08:45 (EDT)

Meryllion Resources Corporation (MYR) has completed a non-brokered private placement for gross proceeds of $400,050.

Meryllion issued a total of 6,154,615 common shares at a price of $0.065 per share.

All common shares issued are subject to a four-month hold period.

Jeremy Edelman has resigned as director and CEO of Meryllion. Richard Revelins, currently a director of the corporation, has been appointed as the new Chief Executive Officer.

The corporation has also announced that David Steinepreis has resigned as the CFO. Mr. Steinepreis will continue to serve as a director. Chuck Forrest has been appointed as the Corporation’s new Chief Financial Officer.

Meryllion Resources is a junior exploration company evaluating acquisition targets in diverse sectors, including the mining, technology and medical sectors that would generate additional shareholder value.

Meryllion Resources Corporation (MYR) is currently trading at C$0.07 per share.

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