Millrock Reports Correction
September 12 2019 - 9:00AM
Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company")
reports a correction to the news release dated September 6, 2019.
Finder’s fees paid in connection with Tranche 2 of the financing
were as follows: $24,302.25 and 324,030 Finder’s Warrants to
Redplug Inc. and $7,612.50 and 101,500 Finder’s Warrants to Haywood
Securities Inc. Each Finder’s Warrant entitles the holder to
purchase one additional common share at an escalating exercise
price as follows:
- Until December 14, 2019, the Unit Warrants will be exercisable
at $0.14 per share;
- Thereafter, until December 14, 2020, the Unit Warrants will be
exercisable at $0.17 per share; and
- Thereafter, until December 14, 2021, the Unit Warrants will be
exercisable at $0.20 per share.
The common shares issued pursuant to exercise of Finder’s
Warrants are subject to a hold period and may not be traded until
January 7, 2020.
About Millrock Resources Inc.Millrock Resources
Inc. is a premier project generator to the mining industry.
Millrock identifies, packages and operates large-scale projects for
joint venture, thereby exposing its shareholders to the benefits of
mineral discovery without the usual financial risk taken on by most
exploration companies. The company is active in Alaska and
Sonora State, Mexico. Funding for drilling at Millrock’s
exploration projects is primarily provided by its joint venture
partners. Business partners of Millrock have included some of
the leading names in the mining industry: Centerra Gold, First
Quantum, Teck, Kinross, Vale, Inmet, EMX Royalty, Altius, and
Riverside. Millrock is a major shareholder of junior explorer
ArcWest Exploration, and holds a portfolio of exploration-stage
project royalties in Mexico, British Columbia and Alaska.
ON BEHALF OF THE BOARD“Gregory Beischer”Gregory
Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations (604) 638-3164 (877) 217-8978
(toll-free)
Some statements in this news release contain forward-looking
information. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
Such factors include without limitation the receipt of TSX Venture
Exchange acceptance and completion of the Offering.
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL
OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE
COMPANY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH
ANY SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE
SECURITIES TO BE OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL
NOT BE REGISTERED UNDER THE 1933 ACT OR ANY STATE SECURITIES LAWS,
AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S.
PERSONS (AS THAT TERM IS DEFINED IN REGULATION S UNDER THE 1933
ACT) EXCEPT IN TRANSACTIONS EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND APPLICABLE STATE SECURITIES
LAWS.
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