Millennial Announces “Bought Deal” Private Placement LIFE Offering for Proceeds of $15,250,000
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (“MLP”, “Millennial” or the “Company”) is pleased to announce that it is conducting a “bought deal” private placement offering (the “LIFE Offering”) of 5,000,000 units of the Company (the “Offered Units”) at a price of $3.05 per Offered Unit for aggregate gross proceeds of $15,250,000. Each Offered Unit will consist of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each full warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $4.00 at any time until the date which is three years from the Closing Date (as defined below).