Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) told investors that it has increased its previously announced private placement to 5.9 million units for gross proceeds of $9.2 million, up from 3.9 million units for $6 million.
Each $1.55 unit includes one common share and half a warrant exercisable at $2.20 for two years.
All other terms remain the same. A 7% cash commission may apply to part of the offering.
The proceeds of the offering will fund exploration of the Banio Potash Project and general working capital purposes.