Millstream Mines Ltd.
TSX VENTURE : MLM

Millstream Mines Ltd.

January 29, 2007 13:05 ET

Millstream Completes Non-Brokered Private Placement

TORONTO, ONTARIO--(CCNMatthews - Jan. 29, 2007) - Millstream Mines Ltd. (TSX VENTURE:MLM) has completed a non-brokered private placement of 1,460,000 units for gross proceeds of $219,000. Each unit is comprised of one common voting share priced at $0.15 and one half (1/2) a common share purchase warrant. Each full warrant will enable the holder to purchase an additional common voting share for a period of one (1) year at a price of $0.20. The above share issuance and attached warrants are subject to a four (4) month hold period.

The intended use of these proceeds is for general working capital purposes. The above private placement is subject to TSX Venture Exchange approval.

The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.

49,291,042 SHARES ISSUED

Jan. 28, '07 Close: $0.26

No regulatory authority or similar body approved nor disapproved the information contained herein.

Contact Information

  • Millstream Mines Ltd.
    Mr. Ernest Harrison, EM
    CEO
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Marty Martinello, B.A.
    V.P.
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Robert Chase, B.A.
    CFO
    (416) 368-9595
    (416) 368-6827 (FAX)
    Email: info@millstreammines.com
    Website: www.millstreammines.com