Millennial Potash (TSE:MLP) has released an update.
Millennial Potash Corp. has launched a private placement aiming to raise $2 million through the sale of 8 million units at $0.25 each, with each unit comprising a common share and a half warrant, enabling further share purchase at $0.35 within 24 months. This funding will support the exploration and development of the Banio Potash Project in Gabon, in addition to bolstering general working capital. The placement is pending approval by the TSX Venture Exchange and includes commission incentives for placement agents.
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