Millrock Announces Increase In Non-Brokered Private Placement Financing
Millrock Resources Inc. reports it has increased the non-brokered private placement announced on November 20, 2015. The financing will now consist of up to 8,125,000 units at a price of $0.16 per Unit, for gross proceeds of up to $1,300,000. Each Unit shall consist of one common share of Millrock and one share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at a price of $0.22 per common share until and including the date which is one year from the closing date, thereafter at a price of $0.30 per common share until and including the date which is two years from the closing date and thereafter at a price of $0.40 per common share until and including the date which is four years from the closing date.
