By Laura Lutz
Des Moines, May 29 - New Millennium Capital Corp. plans to conduct a private placement of shares for C$9 million.
The company intends to sell $7 million non flow-through shares at C$0.62 each and C$2 million flow-through shares at C$0.75 each.
The placement was first announced on May 28 as an approximately C$6.5 million offering of about C$5 million non flow-through shares and about C$1.5 million flow-through shares.
Raymond James Ltd. will act as agent.
Settlement is expected on June 12.
Proceeds will be used for exploration and development on the company's iron ore projects and for general working capital.
New Millennium is a mineral exploration company based in Calgary, Alta.
Issuer: | New Millennium Capital Corp.
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Issue: | Non flow-through shares; flow-through shares
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Amount: | C$9 million
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Agent: | Raymond James Ltd.
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Announcement date: | May 28
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Pricing date: | May 29
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Settlement date: | June 12
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Stock symbol: | TSX Venture: NML
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Stock price: | C$0.65 at close May 29
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Non flow-through shares
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Amount: | C$7 million
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Price: | C$0.62
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Warrants: | No
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Flow-through shares
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Amount: | C$2 million
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Price: | C$0.75
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Warrants: | No
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