Millrock Announces Completion of Deferred Compensation Settlement
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/19/15 -- Millrock Resources Inc. (TSX VENTURE: MRO) ("Millrock") announces it has issued a total of 263,252 shares at a deemed price of $0.50 per share in settlement of debt for deferred compensation, in order to conserve its treasury. The shares are subject to hold periods and may not be traded until the following dates: 65,812 shares until July 31, 2015; a further 65,812 shares until September 13, 2015; a further 65,814 shares until December 13, 2015 and the remaining 65,814 shares until March 13, 2016.
ABOUT MILLROCK RESOURCES:
Millrock Resources Inc. is a premier prospect generator to the mining industry. In the search for world-class metallic mineral deposits in mineral-rich Alaska, southwest USA, and Mexico, 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. Millrock currently has twenty active exploration projects, eight gold-copper and zinc properties in Alaska, a uranium project in New Mexico, and twelve gold, silver and copper projects in Mexico. Funding for drilling at Millrock's exploration projects primarily comes from its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: First Quantum, Teck, Kinross, Vale, Inmet and Altius.
ON BEHALF OF THE BOARD
Gregory Beischer, President & CEO
"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."
Contacts: Millrock Resources Inc. Gregory A. Beischer (604) 638-3164 or (877) 217-8978 toll free 800 - 789 West Pender Street Vancouver, BC V6C 1H2
Source: Millrock Resources Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Marathon Oil (MRO) Declares $0.11 Quarterly Dividend; 1.6% Yield
- NorthWestern Reports First Quarter 2024 Financial Results
- Stockholder Alert: Robbins LLP Informs Investors of the Class Action Filed Against Compass Minerals International, Inc. (CMP)
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!