Millennial Announces Closing Private Placement for Total Proceeds of $4,929,200

Core Points - Millennial Potash Corp. has successfully closed a private placement of units, consisting of common shares and share purchase warrants, raising a total of CDN$4,929,200 [1][2] - The private placement involved the issuance of 8,215,333 units at a price of CDN$0.60 per unit, with each warrant exercisable at CDN$0.85 for a period of two years [2][3] - Proceeds from the private placement will be allocated to exploration and development activities for the Banio Potash Project and for general working capital [3] Shareholder Information - The Quaternary Group Ltd. acquired 2,333,333 units in the private placement, increasing its total holdings to 24,468,833 common shares and 8,166,667 share purchase warrants [5][6] - The Acquiror now holds approximately 26.41% of the outstanding common shares on a non-diluted basis and 32.28% on a partially diluted basis [6] - Prior to the private placement, the Acquiror owned 22,135,500 common shares, representing approximately 26.22% on a non-diluted basis [7]