Millbank Mining Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Millbank Mining Corp
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Millbank Announces Closing of Non-Brokered Private Placement
Millbank Mining Corp. has completed its previously announced private placement of over 9 million units at $0.33 per unit, raising gross proceeds of $3 million. Each unit comprises one common share and one purchase warrant, allowing the holder to acquire an additional share at $0.50 until November 8, 2026. The company has also paid a cash commission of about $82,000 and issued about 248,000 non-transferable broker warrants as compensation. The proceeds from the private placement will be used for exploration work on Millbank's properties and for working capital. Company insiders have subscribed for over 333,000 units in the private placement.
Millbank Mining Corp. Announces Name Change to Primary Hydrogen Corp.
Millbank Mining Corp. has announced that it will change its name to Primary Hydrogen Corp., effective November 13, 2024. The change was approved by the company's board of directors on August 9, 2024. Following the name change, the company's common shares will trade under the new symbol "HDRO". Primary Hydrogen Corp. is currently focusing on its Arthur Lake Copper project in British Columbia and Blakelock hydrogen project in Ontario.
