Millennial Announces Closing of Private Placement FOR Proceeds of $2,000,000
#300-1455 Bellevue Ave
West Vancouver BC V7T 1C3
p. 604 662 8184
www.millennialpotash.com
August 4, 2023
MILLENNIAL ANNOUNCES CLOSING OF PRIVATE PLACEMENT FOR
PROCEEDS OF $2,000,000
Millennial Potash Corp. (TSX.V:MLP, OTCQB:MLPNF, FSE: X0D) (“MLP", “Millennial”
or the “Company”) is pleased to announce that it has closed its private placement (the
"Private Placement") first announced on July 21, 2023.
The Private Placement was for a total of 5,000,000 units (the "Units"). Each Unit consisted
of one common share and one-half share purchase warrant. Each of the 2,500,000 whole
share purchase warrants are exercisable for a period of two years from the date of issuance
at a price of CDN$0.60 per share. Commissions on the Private Placement totalling
CDN$97,195 and 242,988 finders’ warrants were paid in connection with closing the Private
Placement. The finders’ warrants are exercisable for two years from the date of issuance at
a price of CDN$0.60 per share.
The securities comprising the Units, including any common shares issued on exercise of the
share purchase warrants and finders warrants, are subject to a four month hold period
expiring on December 5, 2023.
Proceeds of the Private Placement are to be used to fund exploration and development
activities on the Company's Banio Potash Project and for general working capital purposes.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-
8184 or email at [email protected]
MILLENNIAL POTASH CORP.
“Farhad Abasov”
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This document may contain certain “Forward-Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or "planned", “forecast”, "intend", “may”,
“schedule” and similar words or expressions identify forward-looking statements or information. These forward-
looking statements or information may relate to future prices of commodities, accuracy of mineral or resource
exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals
of title and mining rights or licenses and environmental (including land or water use), local community or indigenous
community approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the
Company or its properties or the commercial exploitation of those properties, currency risks including the exchange
rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products,
changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction
#300-1455 Bellevue Ave
West Vancouver BC V7T 1C3
p. 604 662 8184
www.millennialpotash.com
and other factors or information. The Company’s current plans, expectations and intentions with respect to
development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out
of any pandemic or by the impact of current financial and other market conditions on its ability to secure further
financing or funding of the Banio Potash Project. Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant business, economic, competitive, political,
environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause
results, performance or achievements to be materially different from the results, performance or achievements that
are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does
not assume any obligation, to update these forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements and information other than
as required by applicable laws, rules and regulations.