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TORONTO, May 15, 2014 /CNW/ - MillenMin Ventures Inc. (TSX-V: MVM) ("MillenMin" or the "Corporation") announces that it has received from the TSX Venture Exchange (the "Exchange") approval for a three-year extension to the term of 1,500,000 issued and outstanding warrants (the "Warrants") as detailed below.
Original Expiry Date: May 24, 2014
New Expiry Date: May 24, 2017
Exercise Price: $0.40
These Warrants were issued to a private placement of 3,000,000 common shares with 1,500,000 common share purchase warrants attached for aggregate gross proceeds of $600,000, which was accepted by the Exchange on May 25, 2012. Each Warrant to purchase one common share is exercisable at $0.25 per share until May 24, 2013 and thereafter at $0.40 per share until May 24, 2014. Since issuance, none of the Warrants have been exercised and all of the Warrants are outstanding.
MillenMin is a Canadian corporation engaged in the acquisition, exploration and development of mineral properties in Canada and intends to deliver value through exploration activities. The Corporation is currently advancing its uranium properties in the eastern side of the Athabasca basin.
Neither 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 press release may include forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of the Corporation. Any such forward-looking statements are subject to risks and uncertainties. Additional information on these and other potential factors that could affect the Corporation's actual results, performance or achievements are detailed in disclosure documents filed from time to time with the applicable securities regulatory authorities. The Corporation disclaims any obligation to update or revise any forward-looking information or statements except as may be required under the applicable laws.
SOURCE: MillenMin Ventures Inc.
For further information: Yunkai (Kent) Cai, President, Secretary and Director, Telephone: (416) 366-1888, email@example.com