Millennial Potash Corp.: A Successful Private Placement
West Vancouver, British Columbia – Millennial Potash Corp. (MLP), a leading potash exploration and development company, is thrilled to announce the successful closure of its private placement (the “Private Placement”) on March 28, 2025.
Details of the Private Placement
During the Private Placement, Millennial issued Units comprised of one common share of the Company (the “Shares”) and one-half share purchase warrant (each warrant being a “Warrant” or the “Warrants”). The total number of Units sold amounted to 12,500,000.
Terms of the Warrants
Each Warrant issued is exercisable for a period of two years from the date of issuance at an exercise price of CDN$0.85 per Share.
Significance of the Private Placement
This Private Placement will significantly contribute to Millennial’s ongoing efforts to advance its potash projects in Saskatchewan, Canada. The proceeds from this financing will be used for exploration, development, and general working capital purposes.
Impact on Millennial Potash Corp.
The successful completion of the Private Placement strengthens Millennial’s financial position, providing the necessary resources to progress its projects and potentially unlocking significant value for shareholders.
Impact on the World
Millennial’s success in closing the Private Placement is a positive sign for the global potash market. With increasing demand for potash due to the growing population and the rising trend of sustainable agriculture, companies like Millennial play a crucial role in ensuring a stable and sustainable supply of this essential nutrient.
Conclusion
Millennial Potash Corp.’s successful Private Placement is a significant step forward for the company and the potash industry as a whole. With the proceeds from this financing, Millennial will continue to advance its projects, contributing to a more sustainable and stable global potash supply.
- Millennial Potash Corp. closes successful Private Placement
- 12,500,000 Units issued, comprised of one common share and one-half warrant
- Warrants exercisable for two years at CDN$0.85 per share
- Proceeds to be used for exploration, development, and working capital
- Strengthens Millennial’s financial position and contributes to shareholder value
- Positive sign for the global potash market and sustainable agriculture
