Millrock Resources Inc. (TSXV:MRO) announced a bought deal private placement of 18,000,000 units at an issue price of CAD 0.085 per unit for gross proceeds of CAD 1,530,000 and a non-brokered private placement of up to 6,000,000 units at an issue price of CAD 0.085 per unit for gross proceeds of CAD 510,000 and for an aggregate gross proceeds of CAD 2,040,000 on February 23, 2021. The minimum subscription amount in non-brokered placement is CAD 5,100 and 60,000 units. Each unit consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.1275 per share for a period of two years from the date of issuance. The company has also granted an option, exercisable in whole or in part any time up to 48 hours prior to the closing date of the bought deal, to purchase for resale up to an additional 4,500,000 units for aggregate gross proceeds of CAD 382,500 in the event agent exercises this option in full. The company will pay a finder’s fee of 7% in cash and 7% finder’s warrants in connection with non-brokered placement. The transactions are subject to TSX Venture Exchange approval. All securities to be issued pursuant to the transaction are subject to the hold period of four months. The transactions are expected to close on March 8, 2022.