Millennial Announces Private Placement of 3,870,968 Units for Proceeds of $6,000,000
Millennial Potash (OTCQB: MLPNF) has announced a private placement offering of 3,870,968 units at $1.55 per unit, aiming to raise $6 million in proceeds. Each unit consists of one common share and half of a share purchase warrant, with warrants exercisable at $2.20 per share for two years.
The placement includes significant insider participation, accounting for approximately 50% of the total offering. The proceeds will fund exploration and development of the company's Banio Potash Project and general working capital purposes. A 7% cash commission may be payable on a portion of the placement, which remains subject to TSX Venture Exchange approval.
Millennial Potash (OTCQB: MLPNF) ha annunciato un'offerta privata di collocamento di 3.870.968 unità a $1,55 per unità, con l'obiettivo di raccogliere 6 milioni di dollari. Ogni unità comprende un'azione ordinaria e mezza warrant di acquisto azioni, con warrant esercitabili a $2,20 per azione per due anni.
Il collocamento prevede una significativa partecipazione degli insider, che rappresenta circa il 50% dell'offerta totale. I proventi saranno utilizzati per finanziare l'esplorazione e lo sviluppo del progetto Banio Potash della società e per scopi di capitale circolante generale. Potrebbe essere pagata una commissione in contanti del 7% su una parte del collocamento, che è soggetta all'approvazione della TSX Venture Exchange.
Millennial Potash (OTCQB: MLPNF) ha anunciado una oferta privada de colocación de 3,870,968 unidades a $1.55 por unidad, con el objetivo de recaudar $6 millones. Cada unidad consta de una acción común y la mitad de un warrant de compra de acciones, con warrants ejercitables a $2.20 por acción durante dos años.
La colocación incluye una participación significativa de los insiders, que representa aproximadamente el 50% de la oferta total. Los fondos se destinarán a la exploración y desarrollo del Proyecto Banio Potash de la compañía y a fines generales de capital de trabajo. Se podría pagar una comisión en efectivo del 7% sobre una parte de la colocación, la cual está sujeta a la aprobación de la Bolsa de Valores TSX Venture.
Millennial Potash (OTCQB: MLPNF)는 단위당 $1.55에 3,870,968 단위의 사모 배정을 발표했으며, 600만 달러의 자금 조달을 목표로 하고 있습니다. 각 단위는 보통주 1주와 주식 매수 워런트 0.5주로 구성되며, 워런트는 주당 $2.20에 2년간 행사할 수 있습니다.
이번 배정에는 내부자 참여가 상당히 포함되어 있으며, 전체 발행의 약 50%를 차지합니다. 조달된 자금은 회사의 Banio Potash 프로젝트 탐사 및 개발과 일반 운전자본 용도로 사용될 예정입니다. 일부 배정에 대해 7% 현금 수수료가 지급될 수 있으며, 이는 TSX 벤처 거래소의 승인을 받아야 합니다.
Millennial Potash (OTCQB : MLPNF) a annoncé une offre de placement privé de 3 870 968 unités à 1,55 $ par unité, visant à lever 6 millions de dollars. Chaque unité se compose d'une action ordinaire et d'une demi-option d'achat d'actions, avec des options exerçables à 2,20 $ par action pendant deux ans.
Le placement comprend une participation importante des initiés, représentant environ 50 % de l'offre totale. Les fonds serviront à financer l'exploration et le développement du projet Banio Potash de la société ainsi qu'à des fins de fonds de roulement général. Une commission en espèces de 7 % pourrait être versée sur une partie du placement, sous réserve de l'approbation de la TSX Venture Exchange.
Millennial Potash (OTCQB: MLPNF) hat ein Privatplatzierungsangebot von 3.870.968 Einheiten zu je 1,55 $ angekündigt, mit dem Ziel, 6 Millionen Dollar an Erlösen zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem halben Kaufoptionsschein, wobei die Optionsscheine zu 2,20 $ pro Aktie für zwei Jahre ausübbar sind.
Die Platzierung beinhaltet eine erhebliche Insiderbeteiligung, die etwa 50 % des Gesamtangebots ausmacht. Die Erlöse werden zur Finanzierung der Exploration und Entwicklung des Banio Potash Projekts des Unternehmens sowie für allgemeine Betriebskapitalzwecke verwendet. Auf einen Teil der Platzierung kann eine Barprovision von 7 % anfallen, die noch der Genehmigung der TSX Venture Exchange unterliegt.
- Significant insider participation (50%) demonstrates management confidence
- Proceeds will advance exploration and development of Banio Potash Project
- Warrant exercise price of $2.20 represents 42% premium to unit price
- Potential dilution for existing shareholders
- 7% cash commission on portion of placement reduces net proceeds
- Subject to regulatory approval which creates execution uncertainty
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it is engaging in a private placement (the "Private Placement") of 3,870,968 units (the "Units") at a price of
A commission 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.
Related Parties:
Insider participation in the Private Placement will be approximately
Additional Details:
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.
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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, the achievement of the Company's milestones for funding or development 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/259407
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