Millennial Lithium Corp has announced that it has raised C$5.93m ($4.43m) through private placement of 4.75 million units at a price of C$1.25 ($0.93) each in order to fund drilling at one of its resources and for general working capital purposes.

Each unit is made up of one common share, and one-half of one share purchase warrant, which is exercisable for a period of two years from closing at an exercise price of C$1.50 ($1.12).

The units, plus any issued common shares of Millennial Lithium, will have a holding period of four months expiring on 24 July.

Millennial Lithium is a Canadian mineral exploration and development company.

"The company has raised A$1m ($760,000) through private placement of 2,702,702 ordinary shares."

Canada-based exploration-stage company Brigadier Gold Limited has announced its plans to raise C$1m ($0.74m) through a non-brokered private placement of ten million units priced at C$0.1 ($0.07) a unit.

Each unit will comprise one common share and one common share purchase warrant, which will give the holder an option to buy further shares at an exercise price of C$0.20 ($0.14) each. The holder can acquire the shares within 12 months from the closing date of the offering.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

KGL Resources Limited has announced the acquisition of Unka Creek Exploration Project (EL28082) from Natural Resources Exploration for A$0.5m ($0.38m).

The company has raised A$1m ($760,000) through private placement of 2,702,702 ordinary shares priced at A$0.37 ($0.28) each in order to partly fund the acquisition.