Millstream Mines Ltd. Announces Financing
![Millstream Mines Ltd. Announces Financing](https://www.minenportal.de/media/goldseiten-news.jpg)
Millstream will make the offering available to all shareholders of the Company as at the date hereof (the "Record Date") who are eligible to participate under the Existing Shareholder Exemption and who will have notified the Company by no later than 4:30 PM (Eastern time) on Sep. 12, 2014 of their intention to participate in the Offering. Orders will be processed by the Company on a first come, first served basis such that it is possible that a subscription received from a shareholder may not be accepted by the Company if the Offering is over subscribed. Any person who becomes a shareholder of Millstream after the Record Date shall not be entitled to participate in the Offering under the Existing Shareholder Exemption.
The Offering is expected to close on or before Sept.19, 2014 and is subject to regulatory approval. No commission or finders' fee will be paid by the Company in connection with the Offering and the proceeds from this financing will be used to eliminate the Company's working capital deficit (approximately $17,000), and for general corporate purposes (of which approximately $6,000 would be budgeted to general and administrative expenses, $31,000 for professional fees and $6,000 for miscellaneous expenses).
About Millstream Mines Ltd.:
Millstream Mines Ltd. is a Canadian-based mineral exploration company whose principle objective is to enhance and develop known mineral properties to production potential. The Company has projects in the Province of Ontario, Canada and in the State of Montana, USA. The Potter Mine Property found in Ontario is outlined above. The Tamarack Gold Property, a former high grade gold producer in the Tobacco Root Mountains of south western Montana, is in an advanced stage of underground exploration and development operating under the Small Mines Exclusion Act of the State of Montana. Exploration properties in the company's portfolio also include the Uncle Sam gold project property in Montana and the Airport property (Sudbury basin precious metals project) in Ontario.
Further information about these properties and the company is available on our website: millstreammines.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Millstream seeks safe harbour with regard to forward looking statements.
For further information contact:
Millstream Mines Ltd.
Mr. Ernest Harrison, EM, Chairman and CEO
Phone: 705-474-7282
Mr. Marty Martinello, B.A., Executive V.P.
Mr. Robert Chase, CFA, President and CFO
Phone:647-800-8796
Email: info@millstreammines.com
Web: http://www.millstreammines.com