Mill City Amends Non-Brokered Private Placement
July 05 2013 - 11:59AM
Marketwired Canada
MILL CITY GOLD CORP. ("Mill City" and/or the "Company") (TSX
VENTURE:MC)(OTCBB:MCYGD)(FRANKFURT:NJ6) has amended the terms of a private
placement announced in a news release on June 13, 2013. The Company is now
undertaking a non-brokered private placement financing of up to ten million
units at a price of $0.02 per unit for gross proceeds of $200,000. Each unit
consists of one common share (a "Share") and one common transferable share
purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to
purchase one additional Share for a period of 5 years, exercisable at a price of
$0.05 per Share for the first year and $0.10 per Share for each of the remaining
four years.
The proposed private placement is subject to TSX Venture Exchange ("TSX-V")
acceptance, including TSX-V bulletins dated Aug. 17, 2012, December 12, 2012 and
April 12, 2013 respectively, private placements - temporary relief from certain
pricing requirements. All securities issued under the private placement will be
subject to a four-month hold period from the closing date.
The proceeds from the private placement will be used toward payment of
outstanding payables, general and administrative expenses and to maintain Mill
City's properties.
ON BEHALF OF THE BOARD OF DIRECTORS
James R. Brown, Chairman, President & CEO
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mill City Gold Corp.
James R. Brown
403-640-0110
www.millcitygold.com
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