Millennial Extends Warrant Term
Millennial Extends Warrant Term
West Vancouver, British Columbia--(Newsfile Corp. - February 12, 2025) -
Millennial Potash Corp.
(TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company")
has applied
to the TSX Venture Exchange for approval of an amendment to certain share purchase warrants issued
pursuant to a private placement by extending the expiry date for three additional years.
The warrants affected are 3,591,500 share purchase warrants issued on February 28, 2023, with an
expiry date of February 28, 2025, and exercisable at 75 cents per common share. The new expiry date
will be February 28, 2028, and the exercise price shall remain the same. The company will not be
sending out new warrant certificates unless requested by the holder.
A total of 70,000 warrants are held by parties considered to be related parties of the company.
Therefore, the warrant amendment constitutes a related-party transaction as contemplated by Multilateral
Instrument 61-101 (Protection of Minority Shareholders in Special Transactions) and TSX-V Policy 5.9
(Protection of Minority Shareholders in Special Transactions). However, the exemptions from formal
valuation and minority approval requirements provided for by these guidelines can be relied upon as the
fair market value of the warrants held by insiders does not exceed 25 per cent of the market
capitalization of the company.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or
email at
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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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/240528