Millrock Resources Inc.
TSX VENTURE : MRO

Millrock Resources Inc.

March 19, 2015 09:30 ET

Millrock Announces Completion of Deferred Compensation Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 19, 2015) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock") announces it has issued a total of 263,252 shares at a deemed price of $0.50 per share in settlement of debt for deferred compensation, in order to conserve its treasury. The shares are subject to hold periods and may not be traded until the following dates: 65,812 shares until July 31, 2015; a further 65,812 shares until September 13, 2015; a further 65,814 shares until December 13, 2015 and the remaining 65,814 shares until March 13, 2016.

ABOUT MILLROCK RESOURCES:

Millrock Resources Inc. is a premier prospect generator to the mining industry. In the search for world-class metallic mineral deposits in mineral-rich Alaska, southwest USA, and Mexico, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. Millrock currently has twenty active exploration projects, eight gold-copper and zinc properties in Alaska, a uranium project in New Mexico, and twelve gold, silver and copper projects in Mexico. Funding for drilling at Millrock's exploration projects primarily comes from its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: First Quantum, Teck, Kinross, Vale, Inmet and Altius.

ON BEHALF OF THE BOARD

Gregory Beischer, President & CEO

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

Contact Information

  • Millrock Resources Inc.
    Gregory A. Beischer
    (604) 638-3164 or (877) 217-8978 toll free
    800 - 789 West Pender Street
    Vancouver, BC V6C 1H2