Millrock Closes Tranche One of Non-Brokered Private Placement

http://www.millrockresources.com/news/millrock-closes-tranche-one-of-non-brokered-private-placement/

VANCOUVER, BC–(Marketwired – May 11, 2016) – Millrock Resources Inc. (TSX VENTURE: MRO) reports that a portion of the non-brokered private placement announced on May 4, 2016 has closed and a total of 1,730,000 Units at a price of $0.29 per Unit have been issued for gross proceeds of $501,700. Each Unit consists of one common share and one share purchase warrant (the “Warrants”), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.44 per common share until May 25, 2019.

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