Millrock Resources Inc.
TSX VENTURE : MRO

Millrock Resources Inc.

March 13, 2015 14:00 ET

Millrock Announces Stock Option Grants and Deferred Compensation Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 13, 2015) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock") announces it has granted a total of 1,070,000 stock options under the Company's stock option plan to directors, officers, employees and consultants. The options are exercisable at $0.50 per share for a period of five years.

Millrock has agreed with certain officers and employees to issue 263,253 shares at a deemed price of $0.50 per share in settlement of debt for deferred compensation, in order to conserve its treasury. This transaction is subject to the approval of the TSX Venture Exchange. The shares will be subject to a minimum four month hold period.

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 Toll Free: (877) 217-8978
    (907) 677-3599 (FAX)
    www.millrockresources.com