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Mill City Gold Corp Announces Closing of Private Placement


Monday, 11 Nov 2013 06:16pm EST 

Mill City Gold Corp announced that it has closed its previously announced non-brokered private placement of units (the Offering). The Company issued 10,000,000 units at a price of $0.02 per unit with each unit consisting of one common share (a Share) and one transferable common share purchase warrant (a Warrant), raising gross proceeds of $200,000. Each Warrant entitles the holder thereof to purchase one additional Share for a period of five years at a price of $0.05 per Share for the first year and $0.10 per Share for the remaining four years. The net proceeds of the Offering will be used toward payment of outstanding payables, general and administrative expenses and to maintain Mill City's properties. 

Company Quote

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20 Nov 2014