Millennial Announces Private Placement of 3,870,968 Units for Proceeds of $6,000,000

Core Points - Millennial Potash Corp. is conducting a private placement of 3,870,968 units at a price of $1.55 per unit, with each unit consisting of one common share and one-half of a share purchase warrant exercisable at $2.20 for two years [1][2] - The proceeds from the private placement will be allocated to the exploration and development of the Banio Potash Project and for general working capital [2] - Approximately 50% of the private placement will involve insider participation, which qualifies as a related party transaction under Multilateral Instrument 61-101 [3] - The private placement is subject to approval from the TSX Venture Exchange [4]