Millstream Announces Private Placement Under Temporary Relief Measures
30 Julho 2013 - 5:01PM
Access Wire
Toronto, Ontario – Millstream Mines Ltd. (TSX-
V:MLM, Frankfurt: NJD) announces that it has begun the process of
making an application to the TSX Venture Exchange for approval of a
non-brokered private placement of up to 6,666,666 units at a price
of $0.015 per unit to raise gross proceeds of up to $100,000. Each
unit will consist of one common share and one share purchase
warrant. Each warrant will entitle the holder thereof to purchase
one additional common share of the Company for a period of 2 years
at a price of $0.05 during the first year and at a price of $0.10
for the second year period. Proceeds from the offering will be used
to pay existing accounts payable and for general working capital.
The placement is subject to the approval of the TSX Venture
Exchange.
As well, Millstream is pleased to report that at its Annual and
General Meeting held on June 28th all items on the agenda were
voted on and passed. Millstream would like to thank all of its
shareholders for their involvement and continued support.
About Millstream Mines Ltd.:
Millstream Mines Ltd. is a Canadian-based mineral exploration
company whose principle objective is to enhance and develop known
mineral properties to production potential. The Company has
projects in the Province of Ontario, Canada and in the State of
Montana, USA. The past producing Potter Mine Property is host to
copper-zinc-cobalt "stacked" mineralized zones located in the
highly prolific Abitibi Greenstone Belt and more specifically in
the Kidd-Munro Assemblage near the town of Matheson in north
eastern Ontario. A recently published initial NI 43-101 compliant
resource estimate on the Potter revealed an indicated resource
of3,028,767 tonnes at 1.45% copper, 1.19% zinc, 389.7 ppm cobalt,
11.1 ppm silver, and 127.5 ppb gold along with an inferred resource
of2,071,101 tonnes at 1.08 % copper, 1.05 % zinc, 301.4 ppm cobalt,
8.7 ppm silver, and 81.7 ppb gold. The Tamarack Gold Property, a
high grade former gold producer in the Tobacco Root Mountains of
south western Montana, is in an advanced stage of underground
exploration and development operating under the Small Mines
Exclusion Act of the State of Montana.
Further information about these properties and the company is
available on our website: http://www.millstreammines.com/.
For further information contact:
Mr. Ernest
Harrison, EM, Chairman and CEO
Phone: 705-474-7282
Mr. Robert Chase, CFA, President and CFO
Phone:416-368-9595
Mr. Marty Martinello, B.A., Executive V.P.
Email: info@millstreammines.com
Web: http://www.millstreammines.com/
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Millstream seeks safe harbour with regard to forward looking
statements.
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