Millrock Announces Private Placement Financing
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
NR: 17-25
Not for distribution to United States newswire services or for dissemination in the United States.
MILLROCK ANNOUNCES PRIVATE PLACEMENT
FINANCING
VANCOUVER, BRITISH COLUMBIA, November 28, 2017 - Millrock Resources Inc. (TSX-V:
MRO, OTCQX: MLRKF) ("Millrock") announces that it plans to raise gross proceeds of up to
$1,600,000 through a non-brokered private placement of up to 6,400,000 units (the “Units”)
priced at $0.25 per Unit. Each Unit will consist of one common share and one share purchase
warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional
common share at an escalating exercise price over a period of three years from the closing date
as follows:
• During the first year from the closing date the warrants will be exercisable at $0.35 per
share;
• Thereafter, during the second year from the closing date, $0.45 per share; and
• Thereafter during the third year from the closing date, $0.55 per share.
Finder’s fees of 6% cash or the equivalent in Units may be paid in connection with this
financing.
The securities issued under this financing will be subject to a hold period of four months from
the closing date. Millrock intends to use the proceeds for exploration and development of its
properties and for general corporate purposes.
This financing is subject to receipt of TSX Venture Exchange acceptance.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies,
packages and operates large-scale projects for joint venture, thereby exposing its shareholders
to the benefits of mineral discovery without the usual financial risk taken on by most exploration
companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora
State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its
joint venture partners. Business partners of Millrock have included some of the leading names in
the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and
Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn
Exploration Inc.
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Announces Private
Placement Financing
Page 2
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)
Some statements in this news release contain forward-looking information. These statements
address future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or
achievements to be materially different from any future results, performance or achievements
expressed or implied by the statements. Such factors include without limitation the completion of
planned expenditures, the ability to complete exploration programs on schedule and the
success of exploration programs.
"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."