Mr. Farhad Abasov reports
MILLENNIAL INCREASES PRIVATE PLACEMENT
Millennial Potash Corp. is increasing the private placement, initially announced on March 18, 2025. The private placement will now consist of 8,215,333 units (increased from 5,833,333) at a price of 60 cents per unit for proceeds of $4,929,200 (increased from $3.5-million). Each unit comprises one common share and one-half of one share purchase warrant exercisable at a price of 85 cents per share for a period of two years from the date of issuance.
Proceeds of the private placement will be used to fund the company's further exploration and development of its Banio potash project as well as for general working capital purposes.
Additional details of the private placement including required Multilateral Instrument 61-101 disclosure, as well as discussion of insider (related party) participation, can be found in the company's news release of March 18, 2025.
A commission of 7-per-cent cash is payable on a portion of the private placement.
We seek Safe Harbor.
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