VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 22, 2017) – Millennial Lithium Corp. (TSX VENTURE:ML) (“Millennial” or the “Company”) reports it intends to complete a non-brokered private placement financing for proceeds of up to $8.7-million.
The private placement will be comprised of up to 6,000,000 units of the Company at a price of $1.45 per unit (a “Unit”). Each Unit will be comprised of one common share and one-half common share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of $1.90 per share for a period of 24 months from the closing date (the “Warrants”). The Company may increase the size of the private placement based on market conditions.
