New Millennium Capital Corp.

New Millennium Capital Corp.

September 27, 2005 11:17 ET

New Millennium Capital Corp. Announces Draw Down of Second $1,000,000 of Credit Facility

CALGARY, ALBERTA--(CCNMatthews - Sept. 27, 2005) - Further to a press release dated September 2, 2005, New Millennium Capital Corp. (TSX VENTURE:NML) ("NML") is pleased to announce that it has drawn down the second and final $1,000,000 instalment pursuant to the Credit Facility it has entered into with Middlemarch Partners Limited ("Middlemarch"). The Credit Facility does not bear interest and is repayable in full on or before March 15, 2006. As consideration for advancing the entire Credit Facility, NML issued 1,000,000 common share purchase warrants (the "Warrants") to Middlemarch on September 1, 2005. Each Warrant is exercisable into one common share of NML at an exercise price of $0.75 per share until August 15, 2007. Middlemarch does not own any securities of NML and is at arm's length to NML.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of adequacy of this release.

Contact Information

  • New Millennium Capital Corp.
    Robert Martin
    President and Chief Executive Officer
    (514) 935-3204
    New Millennium Capital Corp.
    Dean Journeaux
    Project Director
    (514) 935-3204