Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (9281)	9/30/2014 9:44:19 AM
From: Goose94	Read Replies (1) \| Respond to of 203085

Millrock Resources (MRO-V) increases PP to $4-million Sept 30, '14 - NR Millrock Resources reports it has increased the non-brokered private placement announced on September 22, 2014. The Company has received strong interest from parties that, if their subscriptions are accepted in full by Millrock, will become "reporting insiders" as defined under National Instrument 55-104. The financing will now consist of up to 80,000,000 units at a price of $0.05 per unit for gross proceeds of up to $4,000,000. Each unit shall consist of one common share of Millrock and one share purchase warrant (the "Warrants"), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.07 per share for a period of two years, and thereafter at a price of $0.10 per share for an additional period of three years. Millrock expects to pay finder's fees in connection with this financing. The securities issued under this financing will be subject to a hold period of four months from the closing date. Proceeds from the financing will be used for project generation, project marketing to partners and for general corporate purposes. The financing is subject to approval of the TSX Venture Exchange.