Millennial Potash Corp. announced a non-brokered private placement of 1,600,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 640,000 on August 28, 2023. Each unit is comprised of one common share and one-half of one share purchase warrant.

Each warrant is exercisable at a price of CAD 0.60 per share for a period of two years from the date of issuance. The company will pay a commission of 7% cash and 7% finders warrants on a portion of the transaction. The transaction is subject to the approval of the TSX Venture Exchange.