Millrock Issues Bonus Shares
30 Juni 2022 - 11:00PM
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or
the “Company”) reports that further to the Company’s news release
dated June 21, 2022, the Company has borrowed a total of $500,000
from Redplug Capital Corporation (the "Lender") and issued
2,000,000 common shares as a bonus to the Lender. The shares may
not be traded until November 1, 2022.
The proceeds of the loan will be used for general working
capital.
Qualified Person The scientific and technical
information disclosed within this document has been prepared,
reviewed, and approved by Gregory A. Beischer, President, CEO, and
a director of Millrock Resources. Mr. Beischer is a qualified
person as defined in NI 43-101.
About Millrock Resources Inc.Millrock Resources
Inc. is a premier project generator to the mining industry.
Millrock identifies, packages, and operates large-scale projects
for joint venture, thereby exposing its shareholders to the
benefits of mineral discovery without the usual financial risk
taken on by most exploration companies. The company is recognized
as the premier generative explorer in Alaska, holds royalty
interests in British Columbia, Canada, and Sonora State, Mexico, is
a significant shareholder of junior explorer ArcWest Exploration
Inc., and owns a large shareholding in each of Resolution Minerals
Limited and Felix Gold Limited. Funding for drilling at Millrock’s
exploration projects is primarily provided by its joint venture
partners. Business partners of Millrock have included some of
the leading names in the mining industry: EMX Royalty, Coeur
Explorations, Centerra Gold, First Quantum, Teck, Kinross, Vale,
Inmet, and Altius, as well as junior explorers Resolution,
Riverside, PolarX, Felix Gold and Tocvan.
ON BEHALF OF THE BOARD“Gregory Beischer”Gregory
Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:Melanee
Henderson, Investor RelationsToll-Free: 877-217-8978 | Local:
604-638-3164Twitter | Facebook | LinkedIn
Some statements in this news release may contain forward-looking
information (within the meaning of Canadian securities legislation)
including without limitation the intention of partner companies to
complete all the planned drilling they have indicated, the sale of
Millrock assets, that Millrock has many catalysts that have
potential to drive the Company’s share price higher, that Millrock
is closing in on option agreements on other projects that could
bring more cash into the company treasury, that potential asset
sales will cover longer term needs, that all the drilling programs
have a good chance at making gold discoveries, and the possibility
of share price increase upon receipt of future drilling results.
These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, without limitation, customary risks of the resource
industry and the risk factors identified in Millrock’s management’s
discussion and analysis for the three-month period ended March 31,
2022, which is available under Millrock’s profile on SEDAR at
www.sedar.com. Forward-looking statements speak only as of the date
those statements are made. Except as required by applicable law,
Millrock assumes no obligation to update or to publicly announce
the results of any change to any forward-looking statement
contained or incorporated by reference herein to reflect actual
results, future events or developments, changes in assumptions or
changes in other factors affecting the forward-looking statements.
If Millrock updates any forward-looking statement(s), no inference
should be drawn that it will make additional updates with respect
to those or other forward-looking statements.
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