NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MILLSTREAM MINES LTD.
29,608,043 shares issued
CANADIAN DEALING NETWORK SYMBOL: MLSM
FEBRUARY 4, 2000
Millstream Announces Flow Through Financing
TORONTO, ONTARIO--Millstream Mines Ltd. has closed effective
December 31, 1999 it's flow-through share offering commenced
November 01, 1999. The offering consisted of units in the capital
stock of Millstream at a price of $0.25 per unit. Each unit is
comprised of one (1) common voting share and one half (1/2) common
share purchase warrant, each full share purchase warrant being
exercisable for twelve (12) months at a price of $0.375 per share.
The private placement flow-through offering totaled 808,000 Units
for an amount of $202,000. These funds, raised from arms-length
parties, will be used for exploration purposes on Millstream's
Canadian properties.
The principal objective of Millstream Mines Ltd. is to enhance and
develop known mineral properties to production potential.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Ernest Harrison, EM
Mr. Marty Martinello, B.A.
705-474-7282
705-474-5491 (FAX)
or
Mr. Peter H. Brodie Brown
Mr. Robert Chase, B.A.
416-368-9595
416-368-0584 (FAX)
Email: mlsm@passport.ca
Website: www.millstreammines.com
No regulatory authority or similar body approved nor disapproved
the information contained herein.
INDUSTRY: MNG
SUBJECT: NWS |
