Millennial Increases Private Placement
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) has announced an increase in its private placement offering from the initially announced $3.5 million to $4.929 million. The expanded placement will now consist of 8,215,333 units (up from 5,833,333) at $0.60 per unit.
Each unit comprises one common share and one-half share purchase warrant, with warrants exercisable at $0.85 per share for a two-year period from issuance. The proceeds will fund exploration and development of the Banio Potash Project and general working capital purposes. A 7% cash commission is payable on a portion of the placement.
The private placement remains subject to TSX Venture Exchange approval.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) ha annunciato un aumento della sua offerta di collocamento privato, passando dai 3,5 milioni di dollari inizialmente annunciati a 4,929 milioni di dollari. Il collocamento ampliato consisterà ora di 8.215.333 unità (rispetto alle 5.833.333 precedenti) a 0,60 dollari per unità.
Ogni unità comprende un'azione comune e un mezzo warrant di acquisto azioni, con i warrant esercitabili a 0,85 dollari per azione per un periodo di due anni dall'emissione. I proventi serviranno a finanziare l'esplorazione e lo sviluppo del Progetto di Potassio Banio e per le esigenze generali di capitale circolante. Una commissione in contante del 7% è dovuta su una parte del collocamento.
Il collocamento privato è soggetto all'approvazione della Borsa TSX Venture.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) ha anunciado un aumento en su oferta de colocación privada, pasando de los 3.5 millones de dólares inicialmente anunciados a 4.929 millones de dólares. La colocación ampliada ahora consistirá en 8.215.333 unidades (aumentando de 5.833.333) a 0.60 dólares por unidad.
Cada unidad comprende una acción común y medio warrant de compra de acciones, con warrants ejercitables a 0.85 dólares por acción durante un período de dos años a partir de la emisión. Los ingresos se destinarán a financiar la exploración y el desarrollo del Proyecto de Potasio Banio y para fines generales de capital de trabajo. Se pagará una comisión en efectivo del 7% sobre una parte de la colocación.
La colocación privada está sujeta a la aprobación de la Bolsa de Valores TSX Venture.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF)는 처음 발표된 350만 달러에서 492.9만 달러로 사모 배정 규모를 늘렸다고 발표했습니다. 확대된 배정은 이제 8,215,333 유닛(5,833,333에서 증가)으로 구성되며, 유닛당 0.60 달러입니다.
각 유닛은 하나의 보통주와 반 개의 주식 매수 워런트로 구성되며, 워런트는 발행일로부터 2년 동안 주당 0.85 달러에 행사할 수 있습니다. 수익금은 바니오 포타슘 프로젝트의 탐사 및 개발과 일반 운영 자본 용도로 사용됩니다. 배정의 일부에 대해 7%의 현금 수수료가 지급됩니다.
사모 배정은 TSX 벤처 거래소의 승인을 받아야 합니다.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) a annoncé une augmentation de son offre de placement privé, passant des 3,5 millions de dollars initialement annoncés à 4,929 millions de dollars. Le placement élargi comprendra désormais 8 215 333 unités (contre 5 833 333 auparavant) à 0,60 dollar par unité.
Chaque unité se compose d'une action ordinaire et d'un demi-warrant d'achat d'actions, les warrants pouvant être exercés à 0,85 dollar par action pendant une période de deux ans à partir de l'émission. Les produits serviront à financer l'exploration et le développement du Projet de Potasse Banio ainsi qu'à des fins de fonds de roulement général. Une commission en espèces de 7 % est payable sur une partie du placement.
Le placement privé est soumis à l'approbation de la Bourse TSX Venture.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) hat eine Erhöhung ihres privaten Platzierungsangebots von ursprünglich angekündigten 3,5 Millionen Dollar auf 4,929 Millionen Dollar bekannt gegeben. Die erweiterte Platzierung wird nun aus 8.215.333 Einheiten (von 5.833.333) zu 0,60 Dollar pro Einheit bestehen.
Jede Einheit besteht aus einer Stammaktie und einem halben Kaufwarrant, wobei die Warrants zu 0,85 Dollar pro Aktie für einen Zeitraum von zwei Jahren ab Ausgabe ausgeübt werden können. Die Erlöse werden zur Finanzierung der Erkundung und Entwicklung des Banio-Kaliumprojekts sowie für allgemeine Betriebskapitalzwecke verwendet. Eine Barprovision von 7 % ist auf einen Teil der Platzierung zu zahlen.
Die private Platzierung unterliegt der Genehmigung der TSX Venture Exchange.
- 41% increase in private placement size from $3.5M to $4.929M
- Additional capital strengthens company's exploration capabilities
- Two-year warrant provision at $0.85 offers potential upside for investors
- Dilutive effect on existing shareholders
- 7% cash commission reduces net proceeds available to company
West Vancouver, British Columbia--(Newsfile Corp. - March 25, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it's increasing the private placement (the "Private Placement"), initially announced on March 18, 2025. The Private Placement will now consist of 8,215,333 units (the "Units") (increased from 5,833,333) at a price of
Proceeds of the Private Placement will be used to fund the Company's further exploration and development of its Banio Potash Project as well as for general working capital purposes.
Additional details of the Private Placement including required MI 61-101 disclosure, as well as discussion of insider (related party) participation, can be found in the Company's news release of March 18, 2025.
A commission of 7 per cent cash is payable on a portion of the private placement.
The Private Placement is conditional upon the approval of the TSX Venture Exchange.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or email info@millennialpotash.com.
Keep up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.
MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
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.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246039
FAQ
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