VANCOUVER, BRITISH COLUMBIA, February 10, 2020 – Millrock Resources Inc. (TSXV: MRO) (“Millrock” or the “Company”) reports it has increased the non-brokered private placement announced on January 31, 2020. The financing will now consist of up to 12,500,000 units (the “Units”) at a price of $0.12 per Unit, for gross proceeds of up to $1,500,000. Each Unit will consist of one common share of the Company and one share purchase warrant (the “Unit Warrants”). Each Unit Warrant will entitle the holder to purchase one additional common share of the Company at an escalating exercise price as follows:
Until December 14, 2020, the Unit Warrants will be exercisable at $0.17 per share; and
Thereafter, until December 14, 2021, the Unit Warrants will be exercisable at $0.20 per share.