OTCPK:MLNLF - Post by User
Post by
oceanelevenon Jan 21, 2021 6:16pm
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Post# 32355453
25 million financing
25 million financing Mr. Farhad Abasov reports
MILLENNIAL ANNOUNCES BOUGHT DEAL PUBLIC OFFERING TO RAISE GROSS PROCEEDS OF C$25 MILLION
Millennial Lithium Corp. has entered into an agreement with Cantor Fitzgerald Canada Corp. and Sprott Capital Partners LP, pursuant to which the co-lead underwriters have agreed, on behalf of a syndicate of underwriters, to purchase, on a bought-deal basis pursuant to a short-form prospectus, 6.25 million units of the company at a price of $4 per unit for gross proceeds of $25-million. Each unit shall consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable for one common share of the company for a period of 36 months from the closing date (as herein defined) at an exercise price of $4.80.