New Issue: New Millennium settles C$23.53 million private placement of stock

By Devika Patel

Knoxville, Tenn., Oct. 9- New Millennium Capital Corp. said it completed a C$23.53 million private placement of shares. The deal priced Oct. 1.

The company sold 26,143,556 common shares at C$0.90 apiece to Tata Steel Global Minerals Holdings Pte Ltd.

Proceeds will be used primarily to develop the DSO Project through a feasibility study to be completed in the second quarter of 2009.

New Millennium is a mineral exploration company based in Calgary, Alta.

Issuer:	New Millennium Capital Corp.
Issue:	Common shares
Amount:	C$23,529,200
Shares:	26,143,556
Price:	C$0.90
Warrants:	No
Investor:	Tata Steel Global Minerals Holdings Pte Ltd.
Pricing date:	Oct. 1
Settlement date:	Oct. 9
Stock symbol:	TSX Venture: NML
Stock price:	C$0.61 at close Oct. 1

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