By Susanna Moon
Chicago, June 8- Millstream Mines Ltd. closed a C$1.05 million private placement of 3 million units at C$0.35 each, according to a press release
Each unit comprises one common share and one-half purchase warrant. Each purchase warrant entitles holders to buy one additional share at C$0.50 for one year.
The placement is non-brokered.
The company will use proceeds for exploration and development and for general working capital.
Millstream is a mineral exploration company based in Toronto.
| Issuer: | Millstream Mines Ltd.
|
| Issue: | Units
|
| Amount: | C$1.05 million
|
| Units: | 3 million
|
| Price: | C$0.35
|
| Warrants: | For half a common share per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Settlement date: | June 8
|
| Stock symbol: | TSXV: MLM
|
| Stock price: | C$0.465 at close June 7
|
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