Vancouver (pcJ News Briefs) – Millennial Lithium Corp. (TSX-V: ML) has completed previously announced private placement of 4,750,000 units at $1.25 per unit for proceeds of $5,937,500.
Each unit is comprised of one common share and one-half of one share purchase warrant. Each whole share purchase warrant is exercisable for a period of two years from closing at an exercise price of $1.50.
Proceeds will be used to complete the 43-101 resource drilling and for general working capital.
Millennial Lithium Corp. is an emerging exploration and development company with a focus on quality lithium assets located in Argentina.
photo credit: Millennial Lithium
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