- Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million
- Under the offering, the company will issue 4,000,000 units at $0.50 per unit
- Proceeds will be used to fund work at the company’s Banio Potash Project in Gabon
- Millennial Potash Corp. (MLP) is up 3.64 per cent on the day, closing at C$0.57 per share
Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.
Under the offering, the company will issue 4,000,000 units at $0.50 per unit. Each unit will consist of one common share and one-half share purchase warrant. Each share purchase warrant will be exercisable for one common share at 0.75 per share for two years.
Warrants will be subject to an acceleration clause.
The company will pay finders’ fees of up to 8 per cent in cash.
Proceeds will be used to fund work at the company’s Banio Potash Project in Gabon and for general working capital purposes.
Millennial Potash Corp. (MLP) is up 3.64 per cent on the day, closing at C$0.57 per share.