Millstream Mines Ltd.
TSX VENTURE : MLM
FRANKFURT : NJD

Millstream Mines Ltd.

June 08, 2007 12:58 ET

Millstream Completes Private Placement

TORONTO, ONTARIO--(Marketwire - June 8, 2007) - Millstream Mines Ltd. (TSX VENTURE:MLM)(FRANKFURT:NJD) is pleased to announce that it has completed a non-brokered private placement of $1,050,000 through the sale of 3,000,000 units at $0.35 each. Each unit is comprised of (1) one common voting share and a one half (1/2) common voting share purchase warrant. Each full purchase warrant will entitle the holder to purchase one (1) additional common voting share for a period of one (1) year at a price of $0.50.

The above share issuance and attached warrants are subject to a four (4) month hold period from the date of closing and is subject to TSX Venture Exchange approval.

The intended use of these proceeds is for exploration and development of its Montana Property interests and for general working capital purposes.

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

Millstream seeks safe harbour with regards to forward looking statements.

56,921,040 SHARES ISSUED

June 7, '07 Close: $0.465

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