Millennial Potash Initiates $3.375M Private Placement

Millennial Potash (TSE:MLP) has released an update.

Millennial Potash Corp. is launching a private placement of 11.25 million units, aiming to raise $3.375 million to fund its Banio Potash Project and general operations. The transaction includes a significant insider participation, requiring shareholder approval due to the insider’s increased control in the company. The private placement awaits TSX Venture Exchange approval and may include a commission on non-insider subscriptions.

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