- Millennial Precious Metals Corp. (MPM) has entered into an agreement with Eight Capital for $15 million bought-deal public offering
- The company will issue 37,500,000 units at a price of $0.40 per unit
- Eight Capital is the lead underwriter and sole bookrunner, acting on behalf of a syndicate of underwriters
- The net proceeds from the offering will be used to advance exploration, permitting, and engineering studies at the Wildcat and Mountain View projects
- Millennial Precious Metals is an exploration and development company
- Millennial Precious Metals Corp. opened trading at $0.46 per share
Millennial Precious Metals (MPM) has announced a bought-deal public offering for gross proceeds of $15 million.
The company will issue 37,500,000 units at a price of $0.40 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.55 for a period of 24 months from the closing of the offering.
The net proceeds from the offering will be used to advance exploration, permitting, and engineering studies at the Wildcat and Mountain View projects in support of the updated mineral resource, PEA, and exploration plan of operations at both projects.
The proceeds will also be used for final asset acquisition payments and general corporate and working capital purposes.
Eight Capital is the lead underwriter and sole bookrunner, acting on behalf of a syndicate of underwriters.
The offering is expected to close on or about June 16, 2022.
The units to be issued under the offering will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, except Quebec.
The units may also be offered in the United States on a private placement basis in accordance with exemptions from the registration requirements of the United States Securities Act of 1933 as amended.
Millennial Precious Metals is an exploration and development company focused on unlocking quality ounces through the responsible expansion of its eight gold and silver projects located in Nevada and Arizona, USA.
Millennial Precious Metals Corp. opened trading at $0.46 per share.