Millennial Announces "Bought Deal" Private Placement Life Offering for Proceeds of $15,250,000

Core Viewpoint - Millennial Potash Corp. is conducting a "bought deal" private placement offering of 5,000,000 units at a price of $3.05 per unit, aiming for gross proceeds of $15,250,000 to fund its Banio Potash Project and for general working capital [1][4]. Group 1: Offering Details - The offering consists of units that include one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at an exercise price of $4.00 for three years [1]. - Cantor Fitzgerald Canada Corporation is the lead underwriter for the offering, which will be formalized in an underwriting agreement prior to the closing date [2]. - Underwriters will receive a cash commission of 6% of the gross proceeds and broker's warrants equal to 4% of the units sold, with an option to purchase an additional 15% of the units [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for a definitive feasibility study for the Banio Potash Project and for general working capital [4]. Group 3: Regulatory and Compliance Information - The offering is being made to purchasers in Canadian provinces excluding Quebec, under the Listed Issuer Financing Exemption, and may also be offered in the U.S. and other jurisdictions under applicable laws [5]. - Securities issued will not be subject to a statutory hold period under Canadian securities laws [5].