Millstream Mines (MLSM) Message Board

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Gold/Mining/Energy : Millstream Mines (MLSM)

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To: Morag who wrote (75)	5/10/1999 8:08:00 AM
From: hugh thorne	Read Replies (1) of 664

Millstream closes private placement Friday May 7 1999 Mr. Ernest Harrison reports Millstream Mines has closed the following working capital financings: Private placement of 900,000 units in the capital of Millstream purchased at 50 cents per unit. Each unit consists of one voting share and one warrant exercisable for 18 months at 75 cents per share. All participants were at arm's-length to the company. Additionally, flow-through warrants were exercised for 8,334 voting shares at 45 cents per share, and directors' options were exercised for 83,333 shares at 30 cents per share. The total funds raised from the above is $428,750.30 from the total issuance of 991,667 voting shares.

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