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An announcement from Millennium Silver Corp ( (TSE:MSC) ) is now available.
Millennium Silver Corp. has announced a non-brokered private placement of up to 150 million units at $0.015 per unit to raise up to $2.25 million, with each unit consisting of one common share and a five-year warrant exercisable at $0.05 for the first three years and $0.10 in years four and five, subject to TSX Venture Exchange approval. The proceeds will be directed toward exploration under the company’s existing technical report, as well as accounts payable and working capital, while insiders may participate under MI 61-101 exemptions, and the company is also issuing 8.16 million stock options at $0.05 per share to directors, officers, employees and consultants, further aligning incentives as it advances its Nevada assets.
More about Millennium Silver Corp
Millennium Silver Corp. is a Canadian exploration company focused on developing its mineral projects in Nevada, with its common shares listed on the TSX Venture Exchange under the symbol MSC.
Average Trading Volume: 267,996
Technical Sentiment Signal: Buy
Current Market Cap: C$3.32M
Find detailed analytics on MSC stock on TipRanks’ Stock Analysis page.