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Mill City Gold Corp announces US$40 mln financing


Tuesday, 18 Feb 2014 10:06am EST 

Mill City Gold Corp:Says it is undertaking a private placement to raise up to US$40 mln through the sale of up to 80 mln units at a price of US$0.50 per Unit.Says each Unit will be comprised of one common share of the company and one-half of one common share purchase warrant.Says each Warrant will be exercisable to purchase one common share of the company for a period of 1 year from closing at an exercise price of US$2.50 per share.Says proceeds of the Offering will be used to finance the purchase of up to a 75 pct working interest in the North East Tanjung Block and for general working capital purposes. 

Company Quote

0.11
-0.015 -12.00%
19 Dec 2014